April 2007 ~ Denver home sales
April 2007
Metro Denver Prices:
| Single Family Average Price: (Detached Dwelling) | Apr 2007 | $322,510 |
| Mar 2007 | $302,084 | Apr 2006 | $318,949 | Condo Average Price: (Attached Dwelling) | Apr 2007 | $182,451 | Mar 2007 | $183,451 | Apr 2006 | $188,146 | Combined Average Price: | Apr 2007 | $293,016 | Mar 2007 | $275,465 | Apr 2006 | $288,621 | Percent of Sales Price Change: from April 2006 to April 2007 | Single Family: | 1.12% | Condo: | -2.97% | Combined | 1.52% | Total Combined Number of Homes for Sale: | Apr 2007 | 27,858 | Mar 2007 | 26,430 | Apr 2006 | 29,045 | Percent of Change in Available Inventory: (Apr 2006 vs. Apr 2007) | -4.09% | Number of Combined Homes Sold this month | Apr 2007 | 4,399 | vs. previous month | Mar 2007 | 4,274 | vs. same month last year | Apr 2006 | 4,300 | Average days on Market: (Combined Sales) | Apr 2007 | 109.90 | Mar 2007 | 119.24 | Apr 2006 | 102.78 | Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales) | Apr 2007 | 27.44 weeks | Mar 2007 | 26.80 weeks | Apr 2006 | 29.27 weeks | Median Sold Price:Single Family | Apr 2007 | $248,000 | Mar 2007 | $240,000 | Apr 2006 | $250,000 | Condo | Apr 2007 | $148,900 | Mar 2007 | $153,000 | Apr 2006 | $157,400 |
Denver real estate sales
Across the board the average list/sale ratio is 97% in Denver metro. Douglas county to the south it is 98%. Interesting the stats in Boulder (for the Denver listings) are 96%. Boulder has it's own MLS but many agents are members of both. I don't know it the Denver stats match those of Boulder's own.
These year to date stats show to the public the homes that are selling are priced right. We still have 27,858 homes on the market (-4.09% than same time last year).
Our average price is $322,510. The absorption rate is 27.44 weeks.
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