Denver Real Estate Sales Statistics - July 2007

The Berkshire Group Realtors monitor the Denver real estate sales on a monthly basis.  Knowing what has happened in the past is a good indicator of what might happen in the future. The following chart indicates average home sale prices for condos and single family residences, average days on market, percent of sales price change from last year to this year, absorption rate and number of units for sale.

For individual neighborhood information, contact me.  These statistics include the Denver Metro area.

July 2007

Metro Denver Prices: Metro Denver Prices:

Single Family Average Price: (Detached Dwelling)		July 2007	$316,024
		Jun 2007	$334,833
		July 2006	$328,721
Condo Average Price: (Attached Dwelling)		July 2007	$192,885
		Jun 2007	$186,328
		July 2006	$194,705
Combined Average Price:		July 2007	$289,294
		Jun 2007	$304,055
		July 2006	$299,680
Percent of Sales Price Change: from July 2006 to July 2007		Single Family:	-3.86%
		Condo:	-0.93%
		Combined	-3.47%
Total Combined Number of Homes for Sale:		July 2007	30,272
		Jun 2007	30,256
		July 2006	31,989
Percent of Change in Available Inventory: (July 2006 vs. July 2007)			-5.37%
Number of Combined Homes Sold this month		July 2007	4,980
vs. previous month		Jun 2007	5,129
vs. same month last year		Jul 2006	4,850
Average days on Market: (Combined Sales)		July 2007	94.78
		Jun 2007	96.90
		Jul 2006	94.98
Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales)		July 2007	26.34 weeks
		Jun 2007	25.56 weeks
		July 2006	28.58 weeks
Median Sold Price:Single Family		July 2007	$255,000
		Jun 2007	$263,000
		Jul 2006	$259,500
Condo		July 2007	$158,000
		Jun 2007	$157,950
		Jul 2006	$163,000