Denver Sales Statistics September 2005

The Berkshire Group Realtors watch the Denver market by keeping track of the inventory for sale, sold prices, percent of sales price change, change in available inventory, average days on the market and the absorption rate.

Metro Denver Prices:

Single Family Average Price:	Sep 2005 $308,427
(Detached Dwelling)	Aug 2005  $313,308
	Sep 2004  $291,430
Condo Average Price	Sep 2005 $193,887
(Attached Dwelling)	Aug 2005 $198,614
	Sep 2004 $180,100
Combined Average Price	Sep 2005 $282,114
	Aug 2005 $288,121
	Sep 2004 $266,372

Percent of Sales Price Change: (from Sep 2004 to Sep 2005) Single Family +5.83% Condo +7.66% Average  +5.91% Total Combined Number of Homes for Sale Sep 2005 27,200   Aug 2005 26,650   Sep 2004 26,976     Percent of Change in Available Inventory: +0.83% (July 2004 vs. July 2005)    Number of Combined Homes Sold this Month Sep 2005 5,573 vs. the previous month Aug 2005 5,901 vs. the same month last year: Sep 2004 4,465     Average days on Market - Sep 2005 84.75 (combined sales) Aug 2005 84.00   Sep 2004A 78,85     Absorption Rate: Sep 2005 21.15 weeks (number of weeks necessary to sell current Aug 2005 22.68 weeks combined inventory at current rate of sales) Sep 2004 26.18 weeks Median Sold Price: Sep 2005 $250,000 Single Family Aug 2005 $255,000 Sep 2004 $240,000 Condo   Sep 2005 $165,000 Aug 2005 $162,499 Sep 2004 $156,031

 

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