The Berkshire Group maintains monthly statistics on the sales of single family homes, condos and town homes.  Inventory has increased by 22.1% from same time last year.  Year to date we have sold more homes this year than last.  Currently the absorption rate is 26.34 weeks for the Denver market overall.

If you are interested in knowing statistics for a specific neighborhood and market, please call The Berkshire Group Realtors

May 2006

Metro Denver Prices:

Metro Denver Prices:

Single Family Average Price: (Detached Dwelling)   May 2006 $315,257
    Apr 2006 $318,949
    May 2005 $305,730
Condo Average Price: (Attached Dwelling)   May 2006 $189,986
    Apr 2006 $188,146
    May 2005 $195,567
Combined Average Price:   May 2006 $287,327
    Apr 2006 $288,621
    May 2005 $281,062
Percent of Sales Price Change: from May 2005 to May 2006   Single Family: +3.12%
    Condo: -2.85%
    Combined +2.23%
Total Combined Number of Homes for Sale:   May 2006 30,457
    Apr 2006 29,045
    May 2005 24,945
Percent of Change in Available Inventory: (May 2005 vs. May 2006)     +22.10%
Number of Combined Homes Sold this month   May 2006 5,010
vs. previous month   Apr 2006 4,300
vs. same month last year   May 2005 4,631
Average days on Market: (Combined Sales)   May 2006 96.58
    Apr 2006 102.78
    May 2005 82.27
Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales)   May 2006 26.34 weeks
    Apr 2006 29.27 weeks
    May 2005 23.34 weeks
Median Sold Price:Single Family   May 2006 $250,943
    Apr 2006 $250,000
    May 2005 $244,000
Condo   May 2006 $160,000
    Apr 2006 $157,400
    May 2005 $159,500