Denver real estate market trends update - December 2004
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Denver real estate statistics

December 2007


Metro Denver Prices:
Metro Denver Prices:
Single Family Average Price: (Detached Dwelling)   Dec 2007 $287,874
    Nov 2007 $297,812
   Dec 2006 $321,524
Condo Average Price: (Attached Dwelling)   Dec 2007 $177,805
    Nov 2007 $165,533
    Dec 2006 $180,084
Combined Average Price:   Dec 2007 $261,716
    Nov 2007 $268,826
    Dec 2006 $291,495
Percent of Sales Price Change: from December 2006 to December 2007   Single Family: -10.47%
    Condo: -1.27%
    Combined -10.22%
Total Combined Number of Homes for Sale:   Dec 2007 24,603
    Nov 2007 27,127
    Dec 2006 24,534
Percent of Change in Available Inventory: (December 2006 vs. December 2007)    0.28
Number of Combined Homes Sold this month   Dec 2007 3,219
vs. previous month   Nov 2007 3,482
vs. same month last year   Dec 2006 3,104
Average days on Market: (Combined Sales) Dec 2007 107.14
   Nov 2007 100.66
   Dec 2006 113.34
Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales)   Dec 2007 33.12 weeks
   Nov 2007 33.76 weeks
   Dec 2006 34.25 weeks
Median Sold Price:Single Family Dec 2007 $220,000
   Nov 2007 $229,500
   Dec 2006 $247,500
Condo   Dec 2007 $140,000
   Nov 2007 $139,000
   Dec 2006 $150,000

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