Denver Real Estate Market Update

Denver Real Estate - Denver Realtor - Denver Homes For Sale

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DENVER SALES STATISTICS ~ MONTHLY REPORTS

May 2008

Metro Denver Prices:

Metro Denver Prices:

Single Family Average Price: (Detached Dwelling)	May 2008	$276,374
	Apr 2008	$267,259
	May 2007	$318,904
Condo Average Price: (Attached Dwelling)	May 2008	$175,758
	Apr 2008	$175,245
	May 2007	$183,896
Combined Average Price:	May 2008	$255,944
	Apr 2008	$247,583
	May 2007	$288,905
Percent of Sales Price Change: from May 2007 to May 2008	Single Family:	-13.34%
	Condo:	-4.43%
	Combined	-11.41%
Total Combined Number of Homes for Sale:	May 2008	26,333
	Apr 2008	26,171
	May 2007	29,110
Percent of Change in Available Inventory: (May 2007 vs. May 2008)		-9.54%
Number of Combined Homes Sold this month	May 2008	4,664
vs. previous month	Apr 2008	4,265
vs. same month last year	May 2007	5,081
Average days on Market: (Combined Sales)	May 2008	100.02
	Apr 2008	106.42
	May 2007	102.44
Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales)	May 2008	24.47 weeks
	Apr 2008	26.59 weeks
	May 2007	24.83 weeks
Median Sold Price:Single Family	May 2008	$226,500
	Apr 2008	$222,550
	May 2007	$251,155
Condo	May 2008	$148,000
	Apr 2008	$134,500
	May 2007	$155,000