October 2006

Metro Denver Prices:

Metro Denver Prices:

Single Family Average Price: (Detached Dwelling) Oct 2006 $306,307
Sep 2006 $308,903
Oct 2005 $314,586
Condo Average Price: (Attached Dwelling) Oct 2006 $189,202
Sep 2006 $191,006
Oct 2005 $186,981
Combined Average Price: Oct 2006 $280,551
Sep 2006 $283,131
Oct 2005 $285,313
Percent of Sales Price Change: from October 2005 to October 2006 Single Family: -2.63%
Condo: +1.19%
Combined -1.67%
Total Combined Number of Homes for Sale: Oct 2006 29,722
Sep 2006 31,450
Oct 2005 26,828
Percent of Change in Available Inventory: (Oct 2005 vs. Oct 2006) +10.79%
Number of Combined Homes Sold this month Oct 2006 4,133
vs. previous month Sep 2006 4,108
vs. same month last year Oct 2005 4,006
Average days on Market: (Combined Sales) Oct 2006 102.60
Sep 2006 101.78
Oct 2005 89.65
Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales) Oct 2006 31.16 weeks
Sep 2006 33.18 weeks
Oct 2005 29.02 weeks
Median Sold Price:Single Family Oct 2006 $247,600
Sep 2006 $243,500
Oct 2005 $250,000
Condo Oct 2006 $152,000
Sep 2006 $156,250
Oct 2005 $157,904