February Statistics - Home Sales

Posted by Kristal Kraft, Denver Realtor on March 11th, 2006

February 2006

Metro Denver Prices:

Metro Denver Prices:
Single Family Average Price: (Detached Dwelling) &nbsp Feb 2006 $305,017
&nbsp &nbsp Jan 2006 $306,982
&nbsp &nbsp Feb 2005 $291,036
Condo Average Price: (Attached Dwelling) &nbsp Feb 2006 $175,422
&nbsp &nbsp Jan 2006 $192,271
&nbsp &nbsp Feb 2005 $186,418
Combined Average Price: &nbsp Feb 2006 $276,746
&nbsp &nbsp Jan 2006 $280,554
&nbsp &nbsp Feb 2005 $267,771
Percent of Sales Price Change:
from Feb 2005 to Feb 2006		 &nbsp Single Family: +4.80%
&nbsp &nbsp Condo: -5.90%
&nbsp &nbsp Combined +3.35%
Total Combined Number of Homes for Sale: &nbsp Feb 2006 25,484
&nbsp &nbsp Jan 2006 24,387
&nbsp &nbsp Feb 2005 21,730
Percent of Change in Available Inventory: (Feb 2005 vs. Feb 2006) &nbsp &nbsp +17.28%
Number of Combined Homes Sold this month &nbsp Feb 2006 3,273
vs. previous month &nbsp Jan 2005 2,843
vs. same month last year &nbsp Feb 2005 2,779
Average days on Market: (Combined Sales) Feb 2006 109.58
&nbsp &nbsp Jan 2006 109.14
&nbsp &nbsp Feb 2005 106.00
Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales)

 &nbsp Feb 2006 33.74 weeks
&nbsp &nbsp Jan 2006 37.17 weeks
&nbsp &nbsp Feb 2005 33.88 weeks
Median Sold Price:Single Family Feb 2006 $238,500
&nbsp &nbsp Jan 2006 $245,000
&nbsp &nbsp Feb 2005 $231,200
Condo &nbsp Feb 2006 $149,440
&nbsp &nbsp Jan 2006 $155,000
&nbsp &nbsp Feb 2005 $155,000

Denver Real Estate Trends

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