November 2006

Metro Denver Prices:

Metro Denver Prices:

Single Family Average Price: (Detached Dwelling) Nov 2006 $310,562
Oct 2006 $306,307
Nov 2005 $309,030
Condo Average Price: (Attached Dwelling) Nov 2006 $195,747
Oct 2006 $189,202
Nov 2005 $187,194
Combined Average Price: Nov 2006 $285,441
Oct 2006 $280,551
Nov 2005 $281,716
Percent of Sales Price Change: from November 2005 to November 2006 Single Family: +0.50%
Condo: +4.57%
Combined +1.32%
Total Combined Number of Homes for Sale: Nov 2006 27,530
Oct 2006 29,722
Nov 2005 26,020
Percent of Change in Available Inventory: (Nov 2005 vs. Nov 2006) +5.80%
Number of Combined Homes Sold this month Nov 2006 3,565
vs. previous month Oct 2006 4,133
vs. same month last year Nov 2005 3,903
Average days on Market: (Combined Sales) Nov 2006 109.78
Oct 2006 102.60
Nov 2005 91.28
Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales) Nov 2006 33.46 weeks
Oct 2006 31.16 weeks
Nov 2005 28.89 weeks
Median Sold Price:Single Family Nov 2006 $240,000
Oct 2006 $247,600
Nov 2005 $248,250
Condo Nov 2006 $155,750
Oct 2006 $152,000
Nov 2005 $165,500