Denver Sales Statistics December 2003

Metro Denver Prices:

Single Family Average Price: Dec. 2003 - $275,289
(Detached Dwelling) Nov. 2003 - $283,766
  Dec. 2002 - $268,666
   
Condo Average Price Dec. 2003 - $182,411
  Nov. 2003 - $175,535
  Dec. 2002 - $169,159
   
Combined Average Price Dec. 2003 - $253,190
  Nov. 2003 - $258,532
  Dec. 2002 - $245,249

Percent of Sales Price Change: (from Dec. 2002 to Dec. 2003)

Single Family +2.46%
Condo +7.85%
Average +3.25%
Total Combined Number of Homes for Sale Dec. 2003 - 21,623
  Nov. 2003 - 23,814
  Dec. 2002 - 20,676
   
Percent of Change in Available Inventory:
(Dec. 2002 vs Dec. 2003)		 +4.6%
   
Number of Combined Homes Sold this Month Dec. 2003 - 3,585
vs. the previous month Nov. 2002 - 3,396
vs. the same month last year: Dec. 2003 - 3,068
   
Average days on Market - Dec. 2003 vs Dec. 2002 Dec. 2003 - 89.44
(combined sales) Nov. 2003 - 85.75
  Dec. 2002 - 76.96
   
Absorption Rate: Dec. 2003 - 26.14 weeks
(number of weeks necessary to sell current Nov. 2003 - 30.38 weeks
combined inventory at current rate of sales) Dec. 2002 - 29.20 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 November 2003 

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