Denver real estate quickie. March 2008

by Vali Hooker on April 14, 2008

in Real Estate Stats

March 2008 Metro Denver Prices:

Single Family Average Price: (Detached Dwelling)   Mar 2008 $274,693
    Feb 2008 $278,871
    Mar 2007 $302,084
Condo Average Price: (Attached Dwelling)   Mar 2008 $173,493
    Feb 2008 $171,817
    Mar 2007 $183,451
Combined Average Price:   Mar 2008 $254,011
    Feb 2008 $255,362
    Mar 2007 $275,465
Percent of Sales Price Change:
from March 2007 to March 2008
  Single Family: -9.07%
    Condo: -5.43%
    Combined -7.79%
Total Combined Number of Homes for Sale:   Mar 2008 25,516
    Feb 2008 25,037
    Mar 2007 26,430
Percent of Change in Available Inventory: (March 2007 vs. March 2008)     -3.46%
Number of Combined Homes Sold this month   Mar 2008 3,709
vs. previous month   Feb 2008 3,001
vs. same month last year   Mar 2007 4,274
Average days on Market: (Combined Sales)   Mar 2008 110.84
    Feb 2008 113.64
    Mar 2007 119.24
Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales)   Mar 2008 29.81 weeks
    Feb 2008 36.15 weeks
    Mar 2007 26.80 weeks
Median Sold Price:Single Family Mar 2008 $224,900
    Feb 2008 $221,486
    Mar 2007 $240,000
Condo   Mar 2008 $132,000
    Feb 2008 $133,750
    Mar 2007 $153,000

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