Denver Sales Statistics April 2004

Metro Denver Prices:

Single Family Average Price: Apr. 2004 - $284,853
(Detached Dwelling) Mar. 2004 - $275,634
Apr. 2003 - $275,213
Condo Average Price Apr. 2004 - $183,529
Mar. 2004 - $178,030
Apr. 2003 - $170,624
Combined Average Price Apr. 2004 - $262,086
Mar. 2004 - $253.207
Apr. 2003 - $249,984

Percent of Sales Price Change: (from April. 2003 to April. 2004)

Single Family +3.7%
Condo +7.5%
Average +4.84%

Total Combined Number of Homes for Sale Apr. 2004 - 26,584
Mar. 2003 - 24,909
Apr. 2003 - 24,972
Percent of Change in Available Inventory:
(April. 2003 vs Mar. 2004)		 +6.5%
Number of Combined Homes Sold this Month Apr. 2004 - 5,118
vs. the previous month Mar. 2004 - 3,532
vs. the same month last year: Apr. 2003 - 3,695
Average days on Market - Apr. 2004 vs April. 2003 Apr. 2004 - 88.60
(combined sales) Mar. 2004 - 95.51
Apr. 2003 - 88.38
Absorption Rate: Apr. 2004 - 22.51 weeks
(number of weeks necessary to sell current Mar. 2004 - 29.21 weeks
combined inventory at current rate of sales) Apr. 2003 - 30.64 weeks

Prepared by
Larry D. McGee, CRS, CRB
The Berkshire Group

From data provided by Metrolist, Inc., does not include private or builder sales.
Statistics for April 2004

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