Denver Sales Statistics August 2005

Metro Denver Prices:

Single Family Average Price: Aug. 2005 $313,308
(Detached Dwelling) July 2005  $318,527
  Aug 2004  $299,131
   
Condo Average Price Aug 2005 $198,614
(Attached Dwelling)  July 2005 $184,288
  Aug 2004 $181,225
   
Combined Average Price Aug 2005 $288,121
  July 2005 $291,498
  Aug 2004 $272,741

Percent of Sales Price Change: (from Aug 2004 to Aug 2005)

Single Family +4.74%
Condo +9.60%
Average +5.64%
Total Combined Number of Homes for Sale Aug 2005 26,650
  July 2005 26,411
  Aug 2004 27,592
   
Percent of Change in Available Inventory:
  -3.41%
(Aug 2004 vs. Aug 2005)    
Number of Combined Homes Sold this Month Aug 2005 5,091
vs. the previous month July 2005 6,203
vs. the same month last year: Aug 2004 4,785
   
Average days on Market - Aug 2005 84.00
(combined sales) July 2005 81.84
  Aug 2004A 76,48
   
Absorption Rate: Aug 2005 22.68 weeks
(number of weeks necessary to sell current July 2005 18.45 weeks
combined inventory at current rate of sales) Aug 2004 24.99 weeks
Median Sold Price: Aug 2005 $255,000
Single Family July 2005 $252,250
Aug 2004 $240,000
Condo   Aug 2005 $162,499
July 2005 $164,000
Aug 2004 $156,250

 

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