Denver Sales Statistics December 2003
Metro Denver Prices:
| Single Family Average Price: |
Dec. 2003 – $275,289 |
| (Detached Dwelling) |
Nov. 2003 – $283,766 |
| |
Dec. 2002 – $268,666 |
| |
|
| Condo Average Price |
Dec. 2003 – $182,411 |
| |
Nov. 2003 – $175,535 |
| |
Dec. 2002 – $169,159 |
| |
|
| Combined Average Price |
Dec. 2003 – $253,190 |
| |
Nov. 2003 – $258,532 |
| |
Dec. 2002 – $245,249 |
|
Percent of Sales Price Change: (from Dec. 2002 to Dec. 2003)
| Single Family |
+2.46% |
| Condo |
+7.85% |
| Average |
+3.25% |
| Total Combined Number of Homes for Sale |
Dec. 2003 – 21,623 |
| |
Nov. 2003 – 23,814 |
| |
Dec. 2002 – 20,676 |
| |
|
Percent of Change in Available Inventory:
(Dec. 2002 vs Dec. 2003) |
+4.6% |
| |
|
| Number of Combined Homes Sold this Month |
Dec. 2003 – 3,585 |
| vs. the previous month |
Nov. 2002 – 3,396 |
| vs. the same month last year: |
Dec. 2003 – 3,068 |
| |
|
| Average days on Market – Dec. 2003 vs Dec. 2002 |
Dec. 2003 – 89.44 |
| (combined sales) |
Nov. 2003 – 85.75 |
| |
Dec. 2002 – 76.96 |
| |
|
| Absorption Rate: |
Dec. 2003 – 26.14 weeks |
| (number of weeks necessary to sell current |
Nov. 2003 – 30.38 weeks |
| combined inventory at current rate of sales) |
Dec. 2002 – 29.20 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 November 2003
