● Metro Denver Prices:
Single Family Average Price: Oct 2007 - $289,754
(Detached Dwelling) Sep 2007 - $305,459
Oct 2006 - $306,307
Condo Average Price: Oct 2007 - $176,222
(Attached Dwelling) Sep 2007 - $181,458
Oct 2006 - $189,202
Combined Average Price: Oct 2007 - $265,236
Sep 2007 - $278,615
Oct 2006 - $280,551
● Percent of Sales Price Change: Single Family : -5.40%
from Oct 2006 to Oct 2007 Condo : -6.86%
Combined : -5.46%
● Percent of Change in Available Inventory: -2.67%
(Oct 2006 vs. Oct 2007)
● Number of Combined Homes Sold this month Oct 2007 - 3,848
vs. previous month Sep 2007 - 3,737
vs. same month last year Oct 2006 - 4,133
● Average days on Market: Oct 2007 - 96.51
(Combined Sales) Sep 2007 - 101.08
Oct 2006 - 102.60
● Absorption Rate: (# of weeks Oct 2007 - 32.58 weeks
necessary to sell current combined Sep 2007 - 35.18 weeks
inventory at current rate of sales) Oct 2006 - 31.16 weeks
● Median Sold Price: Single Family Condo
Oct 2007 - $234,200 Oct 2007 - $140,000
Sep 2007 - $245,000 Sep 2007 - $148,000
Oct 2006 - $247,600 Oct 2006 - $152,000
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