Denver Sales Statistics November 2003

Metro Denver Prices:

Single Family Average Price: Nov. 2003 - $283,766
(Detached Dwelling) Oct. 2003 - $276,171
  Nov. 2002 - $275,304
   
Condo Average Price Nov. 2003 - $175,535
  Oct. 2003 - $177,291
  Nov. 2002 - $172,034
   
Combined Average Price Nov. 2003 - $258,532
  Oct. 2003 - $252,885
  Nov. 2002 - $249,806

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

Single Family +3.05%
Condo +2.00%
Average +3.50%
Total Combined Number of Homes for Sale Nov. 2003 - 23,814
  Oct. 2003 - 25,181
  Nov. 2002 - 22.494
   
Percent of Change in Available Inventory:
(Nov. 2002 vs Nov. 2003)		 5.9%
   
Number of Combined Homes Sold this Month Nov. 2003 - 3,396
vs. the same month last year: Nov. 2002 - 4.204
vs. the previous month Oct. 2003 - 4,956
   
Average days on Market - Nov. 2003 vs Nov. 2002 Nov 2003 - 85.75
(combined sales) Nov. 2002 - 68.75
  Oct. 2003 - 78.03
   
Absorption Rate: Nov. 2003 - 30.38 weeks
(number of weeks necessary to sell current Oct. 2003 - 22.02 weeks
combined inventory at current rate of sales) Nov. 2002 - 23.18 weeks

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

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

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