Denver Real Estate Stats ~ September
September 2007
Metro Denver Prices:
| Single Family Average Price: (Detached Dwelling) | Sep 2007 | $305,459 | |
| Aug 2007 | $329,783 | ||
| Sep 2006 | $308,903 | ||
| Condo Average Price: (Attached Dwelling) | Sep 2007 | $181,458 | |
| Aug 2007 | $182,741 | ||
| Sep 2006 | $191,006 | ||
| Combined Average Price: | Sep 2007 | $278,615 | |
| Aug 2007 | $298,466 | ||
| Sep 2006 | $283,131 | ||
| Percent of Sales Price Change: from September 2006 to September 2007 | Single Family: | -1.11% | |
| Condo: | -5.00% | ||
| Combined | -1.60% | ||
| Total Combined Number of Homes for Sale: | Sep 2007 | 30,335 | |
| Aug 2007 | 30,827 | ||
| Sep 2006 | 31,450 | ||
| Percent of Change in Available Inventory: (September 2006 vs. September 2007) | -3.55% | ||
| Number of Combined Homes Sold this month | Sep 2007 | 3,737 | |
| vs. previous month | Aug 2007 | 5,010 | |
| vs. same month last year | Sep 2006 | 4,108 | |
| Average days on Market: (Combined Sales) | Sep 2007 | 101.08 | |
| Aug 2007 | 94.13 | ||
| Sep 2006 | 101.78 | ||
| Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales) | Sep 2007 | 35.18 weeks | |
| Aug 2007 | 26.66 weeks | ||
| Sep 2006 | 33.18 weeks | ||
| Median Sold Price:Single Family | Sep 2007 | $245,000 | |
| Aug 2007 | $257,500 | ||
| Sep 2006 | $243,500 | ||
| Condo | Sep 2007 | $148,000 | |
| Aug 2007 | $152,500 | ||
| Sep 2006 | $156,250 |
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