Denver Sales Statistics June 2004

Metro Denver Prices:

Single Family Average Price: June 2004 - $293,566
(Detached Dwelling) May. 2004 - $293,626
  June 2003 - $277,672
   
Condo Average Price June 2004 - $178,073
  May 2004 - $182,961
  June 2003 - $182,884
   
Combined Average Price June 2004 - $268,267
  May 2004 - $270,237
  June 2003 - $254,543

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

Single Family +5.72%
Condo -2.63%
Average +5.39%
Total Combined Number of Homes for Sale June 2004 - 28,043
  May 2004 - 27,509
  June 2003 - 26,533
   
Percent of Change in Available Inventory:
(June 2004 vs June 2003)		 +5.7%
   
Number of Combined Homes Sold this Month June 2004 - 5,164
vs. the previous month Apr. 2004 - 4,842
vs. the same month last year: May. 2004 - 4,504
   
Average days on Market - June 2004 vs June 2003 June 2004 - 74.86
(combined sales) May 2004 - 84.14
  June 2003 - 82.66
   
Absorption Rate: June 2004 - 23.53 weeks
(number of weeks necessary to sell current May 2004 - 24.67 weeks
combined inventory at current rate of sales) June 2003 - 25.53 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 May 2004 

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