February 2007

Metro Denver Prices:

Single Family Average Price: (Detached Dwelling) Feb 2007 $292,143
Jan 2007 $297,368
Feb 2006 $305,017
Condo Average Price: (Attached Dwelling) Feb 2007 $169,498
Jan 2007 $170,440
Feb 2006 $175,422
Combined Average Price: Feb 2007 $265,272
Jan 2007 $266,066
Feb 2006 $276,746
Percent of Sales Price Change: from February 2006 to February 2007 Single Family: -4.22%
Condo: -3.38%
Combined -4.15%
Total Combined Number of Homes for Sale: Feb 2007 24,838
Jan 2007 24,350
Feb 2006 25,484
Percent of Change in Available Inventory: (Feb 2006 vs. Feb 2007) -2.53%
Number of Combined Homes Sold this month Feb 2007 3,090
vs. previous month Jan 2007 3,540
vs. same month last year Feb 2006 3,273
Average days on Market: (Combined Sales) Feb 2007 125.22
Jan 2007 120.45
Feb 2006 109.58
Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales) Feb 2007 34.83 weeks
Jan 2007 29.81 weeks
Feb 2006 33.74 weeks
Median Sold Price:Single Family Feb 2007 $235,000
Jan 2007 $236,000
Feb 2006 $238,500
Condo Feb 2007 $144,950
Jan 2007 $154,900
Feb 2006 $149,440