Denver Home Sale Statistics ~ August 2006

August 2006

Metro Denver Prices: Metro Denver Prices:

Single Family Average Price: (Detached Dwelling)		Aug 2006	$320,092
		July 2006	$328,721
		Aug 2005	$313,308
Condo Average Price: (Attached Dwelling)		Aug 2006	$196,659
		July 2006	$194,705
		Aug 2005	$198,614
Combined Average Price:		Aug 2006	$292,973
		July 2006	$299,680
		Aug 2005	$288,121
Percent of Sales Price Change: from August 2005 to August 2006		Single Family:	+2.17%
		Condo:	-0.98%
		Combined	+1.68%
Total Combined Number of Homes for Sale:		Aug 2006	31,664
		July 2006	31,989
		Aug 2005	26,650
Percent of Change in Available Inventory: (August 2005 vs. August 2006)			+18.81%
Number of Combined Homes Sold this month		Aug 2006	5,025
vs. previous month		July 2006	4,850
vs. same month last year		Aug 2005	5,091
Average days on Market: (Combined Sales)		Aug 2006	98.37
		July 2006	94.98
		Aug 2005	84.00
Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales)		Aug 2006	27.31 weeks
		July 2006	28.58 weeks
		Aug 2005	22.68 weeks
Median Sold Price:Single Family		Aug 2006	$252,900
		July 2006	$259,500
		Aug 2005	$255,000
Condo		Aug 2006	$160,000
		July 2006	$163,000
		Aug 2005	$162,499