The Berkshire Group, Realtors have a strong commitment to helping you have a smooth transaction whether you are buying or selling Colorado real estate.
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Meet the Realtor's at The Berkshire Group, we are all local professionals who specialize in selling Denver real estate.
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We at The Berkshire Group keep track of Denver neighborhood statistics. We put them on the map so you can understand the Denver real estate market too.
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Denver Sales Statistics
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Denver Home Sale Statistics
The Berkshire Group Realtors track Denver real estate trends by keeping records of the various real estate
transactions. Here you can see what Denver's average home price is or the average Denver Condo price. Other important
information for home sellers is the "days on market". This figure is based on the Denver absorption rate, assuming
no more homes come on the market, it will take this long to absorb the current inventory of homes for sale.
March 2008
Metro Denver Prices:
Metro Denver Prices:
Single Family Average Price: (Detached Dwelling) |
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Mar 2008 |
$274,693 |
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Feb 2008 |
$278,871 |
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Mar 2007 |
$302,084 |
Condo Average Price: (Attached Dwelling) |
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Mar 2008 |
$173,493 |
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Feb 2008 |
$171,817 |
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Mar 2007 |
$183,451 |
Combined Average Price: |
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Mar 2008 |
$254,011 |
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Feb 2008 |
$255,362 |
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Mar 2007 |
$275,465 |
Percent of Sales Price Change:
from March 2007 to March 2008 |
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Single Family: |
-9.07% |
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Condo: |
-5.43% |
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Combined |
-7.79% |
Total Combined Number of Homes for Sale: |
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Mar 2008 |
25,516 |
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Feb 2008 |
25,037 |
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Mar 2007 |
26,430 |
Percent of Change in Available Inventory: (March 2007 vs. March 2008) |
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-3.46% |
Number of Combined Homes Sold this month |
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Mar 2008 |
3,709 |
vs. previous month |
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Feb 2008 |
3,001 |
vs. same month last year |
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Mar 2007 |
4,274 |
Average days on Market: (Combined Sales) |
| Mar 2008 |
110.84 |
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Feb 2008 |
113.64 |
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Mar 2007 |
119.24 |
Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales)
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Mar 2008 |
29.81 weeks |
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Feb 2008 |
36.15 weeks |
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Mar 2007 |
26.80 weeks |
Median Sold Price:Single Family |
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Mar 2008 |
$224,900 |
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Feb 2008 |
$221,486 |
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Mar 2007 |
$240,000 |
Condo |
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Mar 2008 |
$132,000 |
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Feb 2008 |
$133,750 |
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Mar 2007 |
$153,000 |
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The Berkshire Group Realtors
3801 E. Florida Ave., Suite 502, Denver, Colorado U.S.A. 80210
303-350-5838 office | 303-350-5839 fax
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