March 2006 - Denver real estate Statistics

Posted by Kristal Kraft, Denver Realtor on April 21st, 2006

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

Denver Real Estate Trends

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