Denver Sales Statistics May 2005

Metro Denver Prices:

Single Family Average Price:	May 2005 - $305,730
(Detached Dwelling)	Apr. 2005 - $307,308
	May 2004 - $294,040

Condo Average Price	May 2005 - $195,567
	Apr. 2005 - $181,873
	May 2004 - $182,791

Combined Average Price	May 2005 - $281,062
	Apr. 2005 - $279,450
	May 2004 - $270,237

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

Single Family	+3.98%
Condo	+ 6.99%
Average	+4.01%

Total Combined Number of Homes for Sale	May 2005 - 24,945
	Apr. 2005 - 24,164
	May 2004 - 27,510

Percent of Change in Available Inventory: (Apr. 2004 vs Apr. 2005)	-9.32%

Number of Combined Homes Sold this Month	May 2005 - 4,631
vs. the previous month	Apr. 2005 - 5,151
vs. the same month last year:	May 2004 - 4,842

Average days on Market - May 2005 vs May 2004	May 2005 - 87.27
(combined sales)	Apr. 2005 - 92.66
	May 2004 - 83.92

Absorption Rate:	May 2005 - 23.34 weeks
(number of weeks necessary to sell current	Apr. 2005 - 20.33 weeks
combined inventory at current rate of sales)	May 2004 - 24.62 weeks

Prepared by
Larry D. McGee, CRS, CRB
The Berkshire Group

From data provided by Metro List, Inc., does not include private or builder sales.

Denver Metro Home Sale Statistics for April 2005
Denver Metro Home Sale Statistics for March 2005
Denver Metro Home Sale Statistics for February 2005
Denver Metro Home Sale Statistics for January 2005
Denver Metro Home Sale Statistics for December 2004
Denver Metro Home Sale Statistics for November 2004
Denver Metro Home Sale Statistics for May 2004
Denver Metro Home Sale Statistics for April 2004
Denver Metro Home Sale Statistics for March 2004
Denver Metro Home Sale Statistics for January 2004
Denver Metro Home Sale Statistics for December 2003
Denver Metro Home Sale Statistics for November 2003

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Denver Sales Statistics May 2005

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