September 2007
Metro Denver Prices:
| Single Family Average Price: (Detached Dwelling) | Sep 2007 | $305,459 | |
| Aug 2007 | $329,783 | ||
| Sep 2006 | $308,903 | ||
| Condo Average Price: (Attached Dwelling) | Sep 2007 | $181,458 | |
| Aug 2007 | $182,741 | ||
| Sep 2006 | $191,006 | ||
| Combined Average Price: | Sep 2007 | $278,615 | |
| Aug 2007 | $298,466 | ||
| Sep 2006 | $283,131 | ||
| Percent of Sales Price Change: from September 2006 to September 2007 |
Single Family: | -1.11% | |
| Condo: | -5.00% | ||
| Combined | -1.60% | ||
| Total Combined Number of Homes for Sale: | Sep 2007 | 30,335 | |
| Aug 2007 | 30,827 | ||
| Sep 2006 | 31,450 | ||
| Percent of Change in Available Inventory: (September 2006 vs. September 2007) | -3.55% | ||
| Number of Combined Homes Sold this month | Sep 2007 | 3,737 | |
| vs. previous month | Aug 2007 | 5,010 | |
| vs. same month last year | Sep 2006 | 4,108 | |
| Average days on Market: (Combined Sales) | Sep 2007 | 101.08 | |
| Aug 2007 | 94.13 | ||
| Sep 2006 | 101.78 | ||
| Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales) | Sep 2007 | 35.18 weeks | |
| Aug 2007 | 26.66 weeks | ||
| Sep 2006 | 33.18 weeks | ||
| Median Sold Price:Single Family | Sep 2007 | $245,000 | |
| Aug 2007 | $257,500 | ||
| Sep 2006 | $243,500 | ||
| Condo | Sep 2007 | $148,000 | |
| Aug 2007 | $152,500 | ||
| Sep 2006 | $156,250 |
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
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