April Sales Statistics

The Berkshire Group, Realtors constantly track the Denver real estate market, keeping track of Denver average home sale prices, the average condo prices, including the percent of sales price changes, number of homes for sale in the market, percent in change in available inventory, average days on market and the absorption rate. Tracking the past is a way to predict trends in the real estate market. For additional information about specific neighborhoods and their growth trends, please call.

April 2005

Metro Denver Prices:

Single Family Average Price:	Apr. 2005 – $307,308
(Detached Dwelling)	Mar. 2005 – $292,046
	Apr. 2004 – $284,853

Condo Average Price	Apr. 2005 – $181,873
	Mar. 2005 – $184,409
	Apr. 2004 – $183,529

Combined Average Price	Apr. 2005 – $279,450
	Mar. 2005 – $269,254
	Apr. 2004 – $262,086

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

Single Family	+7.98%
Condo	-0.90%
Average	+6.63%

Total Combined Number of Homes for Sale	Apr. 2005 – 24,164
	Apr. 2005 – 23,023
	Apr. 2004 – 26,584

Percent of Change in Available Inventory: (Apr. 2004 vs Apr. 2005)	-9.10%

Number of Combined Homes Sold this Month	Apr. 2005 – 5,151
vs. the previous month	Mar. 2005 – 3,778
vs. the same month last year:	Apr. 2004 – 5,118

Average days on Market – Apr. 2005 vs Apr. 2004	Apr. 2005 – 92.66
(combined sales)	Mar. 2005 – 99.87
	Apr. 2004 – 88.60

Absorption Rate:	Apr. 2005 – 20.33 weeks
(number of weeks necessary to sell current	Mar. 2005 – 26.41 weeks
combined inventory at current rate of sales)	Apr. 2004 – 22.51 weeks

Prepared byLarry D. McGee, CRS, CRBThe Berkshire Group
From data provided by Metro List, Inc., does not include private or builder sales.

About the Author

Kristal Kraft
Kristal has been helping buyers and sellers in Colorado since 1984. She enjoys sharing her knowledge of the Metro Denver Real Estate market via blogging and in person while driving around the beautiful Rocky Mountain town of Denver! For fun, Kristal enjoys shooting things with a Canon. Visit Denver Photo Blog