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Denver Real Estate Stats
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July 2008
Metro Denver Prices:
Metro Denver Prices:
Single Family Average Price: (Detached Dwelling) |
|
July 2008 |
$283,860 |
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June 2008 |
$286,887 |
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July 2007 |
$316,024 |
Condo Average Price: (Attached Dwelling) |
|
July 2008 |
$169,474 |
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June 2008 |
$190,367 |
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July 2007 |
$192,885 |
Combined Average Price: |
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July 2008 |
$262,225 |
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June 2008 |
$267,005 |
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July 2007 |
$289,294 |
Percent of Sales Price Change:
from July 2007 to July 2008 |
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Single Family: |
-10.18% |
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Condo: |
-12.14% |
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Combined |
-9.36% |
Total Combined Number of Homes for Sale: |
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July 2008 |
25,673 |
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June 2008 |
26,104 |
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July 2007 |
30,272 |
Percent of Change in Available Inventory: (July 2007 vs. July 2008) |
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-15.19% |
Number of Combined Homes Sold this month |
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July 2008 |
5,123 |
vs. previous month |
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June 2008 |
4,845 |
vs. same month last year |
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July 2007 |
4,980 |
Average days on Market: (Combined Sales) |
| July 2008 |
97.57 |
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June 2008 |
96.88 |
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July 2007 |
94.78 |
Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales)
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July 2008 |
21.72 weeks |
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June 2008 |
23.35 weeks |
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July 2007 |
26.34 weeks |
Median Sold Price:Single Family |
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July 2008 |
$229,200 |
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June 2008 |
$230,000 |
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July 2007 |
$255,000 |
Condo |
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July 2008 |
$149,000 |
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June 2008 |
$148,345 |
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July 2007 |
$158,000 |
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