March 2006 – Denver real estate Statistics

March 2006

Metro Denver Prices:

Metro Denver Prices:

Single Family Average Price: (Detached Dwelling)	&nbsp	Mar 2006	$313,339
&nbsp	&nbsp	Feb 2006	$305,017
&nbsp	&nbsp	Mar 2005	$292,046
Condo Average Price: (Attached Dwelling)	&nbsp	Mar 2006	$182,727
&nbsp	&nbsp	Feb 2006	$175,422
&nbsp	&nbsp	Mar 2005	$184,409
Combined Average Price:	&nbsp	Mar 2006	$284,489
&nbsp	&nbsp	Feb 2006	$276,746
&nbsp	&nbsp	Mar 2005	$269,254
Percent of Sales Price Change: from Mar 2005 to Mar 2006	&nbsp	Single Family:	+7.29%
&nbsp	&nbsp	Condo:	-0.91%
&nbsp	&nbsp	Combined	+5.66%
Total Combined Number of Homes for Sale:	&nbsp	Mar 2006	27,309
&nbsp	&nbsp	Feb 2006	25,484
&nbsp	&nbsp	Mar 2005	23,023
Percent of Change in Available Inventory: (Mar 2005 vs. Mar 2006)	&nbsp	&nbsp	+18.62%
Number of Combined Homes Sold this month	&nbsp	Mar 2006	4,405
vs. previous month	&nbsp	Feb 2006	3,273
vs. same month last year	&nbsp	Mar 2005	3,778
Average days on Market: (Combined Sales)		Mar 2006	104.96
&nbsp	&nbsp	Feb 2006	109.58
&nbsp	&nbsp	Mar 2005	99.87
Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales)	&nbsp	Mar 2006	26.86 weeks
&nbsp	&nbsp	Feb 2006	33.74 weeks
&nbsp	&nbsp	Mar 2005	26.41 weeks
Median Sold Price:Single Family		Mar 2006	$247,500
&nbsp	&nbsp	Feb 2006	$238,500
&nbsp	&nbsp	Mar 2005	$236,500
Condo	&nbsp	Mar 2006	$159,900
&nbsp	&nbsp	Feb 2006	$149,440
&nbsp	&nbsp	Mar 2005	$158,500

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