August 2006

Metro Denver Prices:

Metro Denver Prices:
Single Family Average Price: (Detached Dwelling) &nbsp Aug 2006 $320,092
&nbsp &nbsp July 2006 $328,721
&nbsp &nbsp Aug 2005 $313,308
Condo Average Price: (Attached Dwelling) &nbsp Aug 2006 $196,659
&nbsp &nbsp July 2006 $194,705
&nbsp &nbsp Aug 2005 $198,614
Combined Average Price: &nbsp Aug 2006 $292,973
&nbsp &nbsp July 2006 $299,680
&nbsp &nbsp Aug 2005 $288,121
Percent of Sales Price Change:
from August 2005 to August 2006
&nbsp Single Family: +2.17%
&nbsp &nbsp Condo: -0.98%
&nbsp &nbsp Combined +1.68%
Total Combined Number of Homes for Sale: &nbsp Aug 2006 31,664
&nbsp &nbsp July 2006 31,989
&nbsp &nbsp Aug 2005 26,650
Percent of Change in Available Inventory: (August 2005 vs. August 2006) &nbsp &nbsp +18.81%
Number of Combined Homes Sold this month &nbsp Aug 2006 5,025
vs. previous month &nbsp July 2006 4,850
vs. same month last year &nbsp Aug 2005 5,091
Average days on Market: (Combined Sales) Aug 2006 98.37
&nbsp &nbsp July 2006 94.98
&nbsp &nbsp Aug 2005 84.00
Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales)

&nbsp Aug 2006 27.31 weeks
&nbsp &nbsp July 2006 28.58 weeks
&nbsp &nbsp Aug 2005 22.68 weeks
Median Sold Price:Single Family Aug 2006 $252,900
&nbsp &nbsp July 2006 $259,500
&nbsp &nbsp Aug 2005 $255,000
Condo &nbsp Aug 2006 $160,000
&nbsp &nbsp July 2006 $163,000
&nbsp &nbsp Aug 2005 $162,499