Denver Sales Statistics April 2004
Metro Denver Prices:
| Single Family Average Price: |
Apr. 2004 – $284,853 |
| (Detached Dwelling) |
Mar. 2004 – $275,634 |
|
Apr. 2003 – $275,213 |
|
|
| Condo Average Price |
Apr. 2004 – $183,529 |
|
Mar. 2004 – $178,030 |
|
Apr. 2003 – $170,624 |
|
|
| Combined Average Price |
Apr. 2004 – $262,086 |
|
Mar. 2004 – $253.207 |
|
Apr. 2003 – $249,984 |
|
Percent of Sales Price Change: (from April. 2003 to April. 2004)
| Single Family |
+3.7% |
| Condo |
+7.5% |
| Average |
+4.84% |
| Total Combined Number of Homes for Sale |
Apr. 2004 – 26,584 |
|
Mar. 2003 – 24,909 |
|
Apr. 2003 – 24,972 |
|
|
Percent of Change in Available Inventory:
(April. 2003 vs Mar. 2004) |
+6.5% |
|
|
| Number of Combined Homes Sold this Month |
Apr. 2004 – 5,118 |
| vs. the previous month |
Mar. 2004 – 3,532 |
| vs. the same month last year: |
Apr. 2003 – 3,695 |
|
|
| Average days on Market – Apr. 2004 vs April. 2003 |
Apr. 2004 – 88.60 |
| (combined sales) |
Mar. 2004 – 95.51 |
|
Apr. 2003 – 88.38 |
|
|
| Absorption Rate: |
Apr. 2004 – 22.51 weeks |
| (number of weeks necessary to sell current |
Mar. 2004 – 29.21 weeks |
| combined inventory at current rate of sales) |
Apr. 2003 – 30.64 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 April 2004
