Denver Sales Statistics November 2004

Metro Denver Prices:

Single Family Average Price: Nov. 2004 - $290,366
(Detached Dwelling) Oct. 2004 - $289,983
  Nov. 2003 - $283,517
   
Condo Average Price Nov. 2004 - $182,676
  Oct. 2004 - $185,804
  Nov. 2003 - $175,292
   
Combined Average Price Nov. 2004 - $265,795
  Oct. 2004 - $265,834
  Nov. 2003 - $258,532

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

Single Family +2.42%
Condo +2.07%
Average +2.81%
Total Combined Number of Homes for Sale Nov. 2004 - 24,533
  Oct. 2004 - 26.030
  Nov. 2003 - 3,396
   
Percent of Change in Available Inventory:
(Nov. 2004 vs Nov. 2003)		 +3.02%
   
Number of Combined Homes Sold this Month Nov. 2004 - 4,199
vs. the previous month Oct. 2004 - 5,131
vs. the same month last year: Nov. 2003 - 3,396
   
Average days on Market - May. 2004 vs May. 2003 Nov. 2004 - 85.06
(combined sales) Oct. 2004 - 91.96
  Nov. 2003 - 85.46
   
Absorption Rate: Nov 2004 - 25.32 weeks
(number of weeks necessary to sell current Oct. 2004 - 21.98 weeks
combined inventory at current rate of sales) Nov. 2003 - 30.39 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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