Metro Denver Home Sale Statistics - June 2007
The Berkshire Group tracks and reports the real estate statistics for the Denver Metro area, including Denver's average home price, absorption rate, days on market, percent in change of available inventory and median prices for both condos and single family residences.
June 2007
Metro Denver Prices:
| Single Family Average Price: (Detached Dwelling) | June 2007 | $334,833 | |
| May 2007 | $318,904 | ||
| June 2006 | $335,111 | ||
| Condo Average Price: (Attached Dwelling) | June 2007 | $186,328 | |
| May 2007 | $183,896 | ||
| June 2006 | $184,566 | ||
| Combined Average Price: | June 2007 | $304,055 | |
| May 2007 | $288,905 | ||
| June 2006 | $303,573 | ||
| Percent of Sales Price Change: from June 2006 to June 2007 | Single Family: | -0.08% | |
| Condo: | 0.95% | ||
| Combined | 0.16% | ||
| Total Combined Number of Homes for Sale: | June 2007 | 30,256 | |
| May 2007 | 29,110 | ||
| June 2006 | 31,900 | ||
| Percent of Change in Available Inventory: (June 2006 vs. June 2007) | -5.15% | ||
| Number of Combined Homes Sold this month | June 2007 | 5,129 | |
| vs. previous month | May 2007 | 5,081 | |
| vs. same month last year | June 2006 | 5,628 | |
| Average days on Market: (Combined Sales) | June 2007 | 96.90 | |
| May 2007 | 102.44 | ||
| June 2006 | 95.66 | ||
| Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales) | June 2007 | 25.56 weeks | |
| May 2007 | 24.83 weeks | ||
| June 2006 | 24.56 weeks | ||
| Median Sold Price:Single Family | June 2007 | $263,000 | |
| May 2007 | $251,155 | ||
| June 2006 | $261,750 | ||
| Condo | June 2007 | $157,950 | |
| May 2007 | $155,000 | ||
| June 2006 | $159,900 |
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