Denver Real Estate Statistics ~ December 2006

December 2006

Metro Denver Prices:

Metro Denver Prices:

Single Family Average Price: (Detached Dwelling)	&nbsp	Dec 2006	$321,524
&nbsp	&nbsp	Nov 2006	$310,562
&nbsp	&nbsp	Dec 2005	$303,834
Condo Average Price: (Attached Dwelling)	&nbsp	Dec 2006	$180,084
&nbsp	&nbsp	Nov 2006	$195,747
&nbsp	&nbsp	Dec 2005	$190,023
Combined Average Price:	&nbsp	Dec 2006	$291,495
&nbsp	&nbsp	Nov 2006	$285,441
&nbsp	&nbsp	Dec 2005	$278,544
Percent of Sales Price Change: from December 2005 to December 2006	&nbsp	Single Family:	+5.82%
&nbsp	&nbsp	Condo:	-5.23%
&nbsp	&nbsp	Combined	+4.65%
Total Combined Number of Homes for Sale:	&nbsp	Dec 2006	24,534
&nbsp	&nbsp	Nov 2006	27,530
&nbsp	&nbsp	Dec 2005	23,572
Percent of Change in Available Inventory: (Dec 2005 vs. Dec 2006)	&nbsp	&nbsp	+4.08%
Number of Combined Homes Sold this month	&nbsp	Dec 2006	3,104
vs. previous month	&nbsp	Nov 2006	3,565
vs. same month last year	&nbsp	Dec 2005	4,086
Average days on Market: (Combined Sales)		Dec 2006	113.34
&nbsp	&nbsp	Nov 2006	109.78
&nbsp	&nbsp	Dec 2005	97.67
Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales)	&nbsp	Dec 2006	34.25 weeks
&nbsp	&nbsp	Nov 2006	33.46 weeks
&nbsp	&nbsp	Dec 2005	25.00 weeks
Median Sold Price:Single Family		Dec 2006	$247,500
&nbsp	&nbsp	Nov 2006	$240,000
&nbsp	&nbsp	Dec 2005	$245,000
Condo	&nbsp	Dec 2006	$150,000
&nbsp	&nbsp	Nov 2006	$155,750
&nbsp	&nbsp	Dec 2005	$160,000

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