Denver Sales Statistics March 2004

Metro Denver Prices:

Single Family Average Price: Mar. 2004 - $275,634
(Detached Dwelling) Feb. 2004 - $279,825
  Mar. 2003 - $268,064
   
Condo Average Price Mar. 2004 - $178,030
  Feb. 2004 - $179,311
  Mar. 2003 - $171,151
   
Combined Average Price Mar. 2004 - $253,297
  Feb. 2004 - $253,335
  Mar. 2003 - $245,140

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

Single Family +2.28%
Condo +4.01%
Average +3.33%
Total Combined Number of Homes for Sale Mar. 2004 - 24,909
  Dec. 2003 - 23,212
  Mar. 2003 - 23,967
   
Percent of Change in Available Inventory:
(Mar. 2002 vs Mar. 2003)		 +3.93%
   
Number of Combined Homes Sold this Month Mar. 2004 - 3,695
vs. the previous month Feb. 2004 - 2,678
vs. the same month last year: Mar. 2004 - 2,879
   
Average days on Market - Mar. 2004 vs Mar. 2003 Mar. 2004 - 95.51
(combined sales) Feb. 2004 - 96.52
  Mar. 2003 - 87.0
   
Absorption Rate: Mar. 2004 - 29.21 weeks
(number of weeks necessary to sell current Feb. 2004 - 37.20 weeks
combined inventory at current rate of sales) Mar. 2003 - 36.10 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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