May 2007

Metro Denver Prices:

Metro Denver Prices:
Single Family Average Price: (Detached Dwelling) &nbsp May 2007 $318,904
&nbsp &nbsp Apr 2007 $322,510
&nbsp &nbsp May 2006 $315,257
Condo Average Price: (Attached Dwelling) &nbsp May 2007 $183,896
&nbsp &nbsp Apr 2007 $182,549
&nbsp &nbsp May 2006 $189,986
Combined Average Price: &nbsp May 2007 $288,905
&nbsp &nbsp Apr 2007 $293,016
&nbsp &nbsp May 2006 $287,327
Percent of Sales Price Change:
from May 2006 to May 2007
&nbsp Single Family: 1.16%
&nbsp &nbsp Condo: -3.21%
&nbsp &nbsp Combined 0.55%
Total Combined Number of Homes for Sale: &nbsp May 2007 29,110
&nbsp &nbsp Apr 2007 27,858
&nbsp &nbsp May 2006 30,457
Percent of Change in Available Inventory: (May 2006 vs. May 2007) &nbsp &nbsp -4.42%
Number of Combined Homes Sold this month &nbsp May 2007 5,081
vs. previous month &nbsp Apr 2007 4,399
vs. same month last year &nbsp May 2006 5,010
Average days on Market: (Combined Sales) May 2007 102.44
&nbsp &nbsp Apr 2007 109.90
&nbsp &nbsp May 2006 96.58
Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales)

&nbsp May 2007 24.83 weeks
&nbsp &nbsp Apr 2007 27.44 weeks
&nbsp &nbsp May 2006 26.34 weeks
Median Sold Price:Single Family May 2007 $251,155
&nbsp &nbsp Apr 2007 $248,000
&nbsp &nbsp May 2006 $250,943
Condo &nbsp May 2007 $155,000
&nbsp &nbsp Apr 2007 $148,900
&nbsp &nbsp May 2006 $160,000