Denver Real Estate Statistics ~ May 2007

May 2007

Metro Denver Prices:

Metro Denver Prices:

Single Family Average Price: (Detached Dwelling)	&nbsp	May 2007	$318,904
&nbsp	&nbsp	Apr 2007	$322,510
&nbsp	&nbsp	May 2006	$315,257
Condo Average Price: (Attached Dwelling)	&nbsp	May 2007	$183,896
&nbsp	&nbsp	Apr 2007	$182,549
&nbsp	&nbsp	May 2006	$189,986
Combined Average Price:	&nbsp	May 2007	$288,905
&nbsp	&nbsp	Apr 2007	$293,016
&nbsp	&nbsp	May 2006	$287,327
Percent of Sales Price Change: from May 2006 to May 2007	&nbsp	Single Family:	1.16%
&nbsp	&nbsp	Condo:	-3.21%
&nbsp	&nbsp	Combined	0.55%
Total Combined Number of Homes for Sale:	&nbsp	May 2007	29,110
&nbsp	&nbsp	Apr 2007	27,858
&nbsp	&nbsp	May 2006	30,457
Percent of Change in Available Inventory: (May 2006 vs. May 2007)	&nbsp	&nbsp	-4.42%
Number of Combined Homes Sold this month	&nbsp	May 2007	5,081
vs. previous month	&nbsp	Apr 2007	4,399
vs. same month last year	&nbsp	May 2006	5,010
Average days on Market: (Combined Sales)		May 2007	102.44
&nbsp	&nbsp	Apr 2007	109.90
&nbsp	&nbsp	May 2006	96.58
Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales)	&nbsp	May 2007	24.83 weeks
&nbsp	&nbsp	Apr 2007	27.44 weeks
&nbsp	&nbsp	May 2006	26.34 weeks
Median Sold Price:Single Family		May 2007	$251,155
&nbsp	&nbsp	Apr 2007	$248,000
&nbsp	&nbsp	May 2006	$250,943
Condo	&nbsp	May 2007	$155,000
&nbsp	&nbsp	Apr 2007	$148,900
&nbsp	&nbsp	May 2006	$160,000

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