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Denver Real Estate Market Quickie. April 2008

May 9th, 2008 · No Comments

April 2008

Metro Denver Prices:

Single Family Average Price: (Detached Dwelling)   Apr 2008 $267,259
    Mar 2008 $274,693
    Apr 2007 $322,510
Condo Average Price: (Attached Dwelling)   Apr 2008 $175,245
    Mar 2008 $173,493
    Apr 2007 $182,549
Combined Average Price:   Apr 2008 $247,583
    Mar 2008 $254,011
    Apr 2007 $293,016
Percent of Sales Price Change:
from April 2007 to April 2008
  Single Family: -17.13%
    Condo: -4.00%
    Combined -15.51%
Total Combined Number of Homes for Sale:   Apr 2008 26,171
    Mar 2008 25,516
    Apr 2007 27,858
Percent of Change in Available Inventory: (April 2007 vs. April 2008)     -6.06%
Number of Combined Homes Sold this month   Apr 2008 4,265
vs. previous month   Mar 2008 3,709
vs. same month last year   Apr 2007 4,399
Average days on Market: (Combined Sales) Apr 2008 106.42
    Mar 2008 110.84
    Apr 2007 109.90
Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales)   Apr 2008 26.59 weeks
    Mar 2008 29.81 weeks
    Apr 2007 27.44 weeks
Median Sold Price:Single Family Apr 2008 $222,550
    Mar 2008 $224,900
    Apr 2007 $248,000
Condo   Apr 2008 $134,500
    Mar 2008 $132,000
    Apr 2007 $148,900

Tags: Denver Market Quickie

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