Denver Real Estate Market Update - November 2004

Posted by Kristal Kraft, Denver Realtor on November 29th, 2004

Metro Denver Prices:

Single Family Average Price:span 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 byLarry D. McGee, CRS, CRBThe Berkshire Group, REALTORS
From data provided by Metrolist, Inc., does not include private or builder sales.

Denver Real Estate Trends

Comments

Got something to say?