Denver Real Estate Market Update

Denver Real Estate - Denver Realtor - Denver Homes For Sale

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DENVER SALES STATISTICS ~ MONTHLY REPORTS

July 2008

Metro Denver Prices:

Metro Denver Prices:

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