Denver Real Estate Market Update

Denver Real Estate - Denver Realtor - Denver Homes For Sale

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DENVER SALES STATISTICS ~ MONTHLY REPORTS

June 2008

Metro Denver Prices:

Metro Denver Prices:

Single Family Average Price: (Detached Dwelling)	June 2008	$286,887
	May 2008	$276,374
	June 2007	$334,833
Condo Average Price: (Attached Dwelling)	June 2008	$190,367
	May 2008	$175,758
	June 2007	$186,328
Combined Average Price:	June 2008	$267,005
	May 2008	$255,944
	June 2007	$304,055
Percent of Sales Price Change: from June 2007 to June 2008	Single Family:	-14.32%
	Condo:	2.17%
	Combined	-12.19%
Total Combined Number of Homes for Sale:	June 2008	26,104
	May 2008	26,333
	June 2007	30,256
Percent of Change in Available Inventory: (June 2007 vs. June 2008)		-13.72%
Number of Combined Homes Sold this month	June 2008	4,845
vs. previous month	May 2008	4,664
vs. same month last year	June 2007	5,129
Average days on Market: (Combined Sales)	June 2008	96.88
	May 2008	100.02
	June 2007	96.90
Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales)	June 2008	23.35 weeks
	May 2008	24.47 weeks
	June 2007	25.56 weeks
Median Sold Price:Single Family	June 2008	$230,000
	May 2008	$226,500
	June 2007	$263,000
Condo	June 2008	$148,345
	May 2008	$148,000
	June 2007	$157,950