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Denver Sales Statistics

January 2008


Metro Denver Prices:
Metro Denver Prices:
Single Family Average Price: (Detached Dwelling)   Jan 2008 $281,203
    Dec 2007 $287,874
   Jan 2007 $297,368
Condo Average Price: (Attached Dwelling)   Jan 2008 $165,510
    Dec 2007 $177,805
    Jan 2007 $170,440
Combined Average Price:   Jan 2008 $256,569
    Dec 2007 $261,716
    Jan 2007 $266,066
Percent of Sales Price Change: from January 2007 to January 2008   Single Family: -5.44%
    Condo: -2.89%
    Combined -3.57%
Total Combined Number of Homes for Sale:   Jan 2008 24,489
    Dec 2007 24,603
    Jan 2007 24,350
Percent of Change in Available Inventory: (January 2007 vs. January 2008)    0.57
Number of Combined Homes Sold this month   Jan 2008 2,987
vs. previous month   Dec 2007 3,219
vs. same month last year   Jan 2007 3,540
Average days on Market: (Combined Sales) Jan 2008 113.64
   Dec 2007 107.14
   Jan 2007 120.45
Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales)   Jan 2008 35.53 weeks
   Dec 2007 33.12 weeks
   Jan 2007 29.81 weeks
Median Sold Price:Single Family Jan 2008 $216,950
   Dec 2007 $220,000
   Jan 2007 $236,000
Condo   Jan 2008 $134,000
   Dec 2007 $140,000
   Jan 2007 $154,900

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