Denver Real Estate Sales Statistics – July 2007

The Berkshire Group Realtors monitor the Denver real estate sales on a monthly basis. Knowing what has happened in the past is a good indicator of what might happen in the future. The following chart indicates average home sale prices for condos and single family residences, average days on market, percent of sales price change from last year to this year, absorption rate and number of units for sale.

For individual neighborhood information, contact me. These statistics include the Denver Metro area.

July 2007

Metro Denver Prices:

Metro Denver Prices:

Single Family Average Price: (Detached Dwelling)	&nbsp	July 2007	$316,024
&nbsp	&nbsp	Jun 2007	$334,833
&nbsp	&nbsp	July 2006	$328,721
Condo Average Price: (Attached Dwelling)	&nbsp	July 2007	$192,885
&nbsp	&nbsp	Jun 2007	$186,328
&nbsp	&nbsp	July 2006	$194,705
Combined Average Price:	&nbsp	July 2007	$289,294
&nbsp	&nbsp	Jun 2007	$304,055
&nbsp	&nbsp	July 2006	$299,680
Percent of Sales Price Change: from July 2006 to July 2007	&nbsp	Single Family:	-3.86%
&nbsp	&nbsp	Condo:	-0.93%
&nbsp	&nbsp	Combined	-3.47%
Total Combined Number of Homes for Sale:	&nbsp	July 2007	30,272
&nbsp	&nbsp	Jun 2007	30,256
&nbsp	&nbsp	July 2006	31,989
Percent of Change in Available Inventory: (July 2006 vs. July 2007)	&nbsp	&nbsp	-5.37%
Number of Combined Homes Sold this month	&nbsp	July 2007	4,980
vs. previous month	&nbsp	Jun 2007	5,129
vs. same month last year	&nbsp	Jul 2006	4,850
Average days on Market: (Combined Sales)		July 2007	94.78
&nbsp	&nbsp	Jun 2007	96.90
&nbsp	&nbsp	Jul 2006	94.98
Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales)	&nbsp	July 2007	26.34 weeks
&nbsp	&nbsp	Jun 2007	25.56 weeks
&nbsp	&nbsp	July 2006	28.58 weeks
Median Sold Price:Single Family		July 2007	$255,000
&nbsp	&nbsp	Jun 2007	$263,000
&nbsp	&nbsp	Jul 2006	$259,500
Condo	&nbsp	July 2007	$158,000
&nbsp	&nbsp	Jun 2007	$157,950
&nbsp	&nbsp	Jul 2006	$163,000

About the Author

Kristal Kraft
Kristal has been helping buyers and sellers in Colorado since 1984. She enjoys sharing her knowledge of the Metro Denver Real Estate market via blogging and in person while driving around the beautiful Rocky Mountain town of Denver! For fun, Kristal enjoys shooting things with a Canon. Visit Denver Photo Blog