Denver Sales Statistics January 2004

Single Family Average Price: Jan. 2004 - $284,154
(Detached Dwelling) Dec. 2003 - $275,289
  Jan. 2003 - $265,826
   
Condo Average Price Jan. 2004 - $189,206
  Dec. 2003 - $182,411
  Jan. 2003 - $173,839
   
Combined Average Price Jan. 2004 - $262,345
  Dec. 2003 - $253,190
  Jan. 2003 - $243,477

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

Single Family +6.89%
Condo +8.84%
Average +7.75%
Total Combined Number of Homes for Sale Jan. 2004 - 21,846
  Dec. 2003 - 21,623
  Jan. 2003 - 21,288
   
Percent of Change in Available Inventory:
(Dec. 2002 vs Dec. 2003)		 +2.63%
   
Number of Combined Homes Sold this Month Jan. 2004 - 3,290
vs. the previous month Dec. 2003 - 3,585
vs. the same month last year: Jan. 2004 - 3,515
   
Average days on Market - Jan. 2004 vs Dec. 2003 Jan. 2004 - 97.73
(combined sales) Dec. 2003 - 89.44
  Jan. 2003 - 82.21
   
Absorption Rate: Jan. 2004 - 28.77 weeks
(number of weeks necessary to sell current Dec. 2003 - 26.14 weeks
combined inventory at current rate of sales) Jan. 2003 - 26.24 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 December 2003

 

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