November 2006
Metro Denver Prices:
| Single Family Average Price: (Detached Dwelling) | Nov 2006 | $310,562 | |
| Oct 2006 | $306,307 | ||
| Nov 2005 | $309,030 | ||
| Condo Average Price: (Attached Dwelling) | Nov 2006 | $195,747 | |
| Oct 2006 | $189,202 | ||
| Nov 2005 | $187,194 | ||
| Combined Average Price: | Nov 2006 | $285,441 | |
| Oct 2006 | $280,551 | ||
| Nov 2005 | $281,716 | ||
| Percent of Sales Price Change: from November 2005 to November 2006 | Single Family: | +0.50% | |
| Condo: | +4.57% | ||
| Combined | +1.32% | ||
| Total Combined Number of Homes for Sale: | Nov 2006 | 27,530 | |
| Oct 2006 | 29,722 | ||
| Nov 2005 | 26,020 | ||
| Percent of Change in Available Inventory: (Nov 2005 vs. Nov 2006) | +5.80% | ||
| Number of Combined Homes Sold this month | Nov 2006 | 3,565 | |
| vs. previous month | Oct 2006 | 4,133 | |
| vs. same month last year | Nov 2005 | 3,903 | |
| Average days on Market: (Combined Sales) | Nov 2006 | 109.78 | |
| Oct 2006 | 102.60 | ||
| Nov 2005 | 91.28 | ||
| Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales) | Nov 2006 | 33.46 weeks | |
| Oct 2006 | 31.16 weeks | ||
| Nov 2005 | 28.89 weeks | ||
| Median Sold Price:Single Family | Nov 2006 | $240,000 | |
| Oct 2006 | $247,600 | ||
| Nov 2005 | $248,250 | ||
| Condo | Nov 2006 | $155,750 | |
| Oct 2006 | $152,000 | ||
| Nov 2005 | $165,500 |
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
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