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 |
