April 2007

Metro Denver Prices:

Metro Denver Prices:
Single Family Average Price: (Detached Dwelling) &nbsp Apr 2007 $322,510
&nbsp &nbsp Mar 2007 $302,084
&nbsp &nbsp Apr 2006 $318,949
Condo Average Price: (Attached Dwelling) &nbsp Apr 2007 $182,451
&nbsp &nbsp Mar 2007 $183,451
&nbsp &nbsp Apr 2006 $188,146
Combined Average Price: &nbsp Apr 2007 $293,016
&nbsp &nbsp Mar 2007 $275,465
&nbsp &nbsp Apr 2006 $288,621
Percent of Sales Price Change:
from April 2006 to April 2007
&nbsp Single Family: 1.12%
&nbsp &nbsp Condo: -2.97%
&nbsp &nbsp Combined 1.52%
Total Combined Number of Homes for Sale: &nbsp Apr 2007 27,858
&nbsp &nbsp Mar 2007 26,430
&nbsp &nbsp Apr 2006 29,045
Percent of Change in Available Inventory: (Apr 2006 vs. Apr 2007) &nbsp &nbsp -4.09%
Number of Combined Homes Sold this month &nbsp Apr 2007 4,399
vs. previous month &nbsp Mar 2007 4,274
vs. same month last year &nbsp Apr 2006 4,300
Average days on Market: (Combined Sales) Apr 2007 109.90
&nbsp &nbsp Mar 2007 119.24
&nbsp &nbsp Apr 2006 102.78
Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales)

&nbsp Apr 2007 27.44 weeks
&nbsp &nbsp Mar 2007 26.80 weeks
&nbsp &nbsp Apr 2006 29.27 weeks
Median Sold Price:Single Family Apr 2007 $248,000
&nbsp &nbsp Mar 2007 $240,000
&nbsp &nbsp Apr 2006 $250,000
Condo &nbsp Apr 2007 $148,900
&nbsp &nbsp Mar 2007 $153,000
&nbsp &nbsp Apr 2006 $157,400