Denver Sales Statistics December 2004
Metro Denver Prices:
| Single Family Average Price: |
Dec. 2004 – $288,818 |
| (Detached Dwelling) |
Nov. 2004 – $289,934 |
|
Dec. 2003 – $273,700 |
|
|
| Condo Average Price |
Dec. 2004 – $184,189 |
|
Nov. 2004 – $182,445 |
|
Dec. 2003 – $182,034 |
|
|
| Combined Average Price |
Dec. 2004 – $265,717 |
|
Nov. 2004 – $265,890 |
|
Dec. 2003 – $251,890 |
|
Percent of Sales Price Change: (from Dec. 2003 to Dec. 2004)
| Single Family |
+5.52% |
| Condo |
+1.18% |
| Average |
+5.49% |
| Total Combined Number of Homes for Sale |
Dec. 2004 – 20,891 |
|
Nov. 2004 – 24,533 |
|
Dec. 2003 – 21,623 |
|
|
Percent of Change in Available Inventory:
(Dec. 2004 vs Dec. 2003) |
-3.39% |
|
|
| Number of Combined Homes Sold this Month |
Dec. 2004 – 4,416 |
| vs. the previous month |
Nov. 2004 – 4,199 |
| vs. the same month last year: |
Dec. 2003 – 3,585 |
|
|
| Average days on Market – Dec 2004 vs Dec 2003 |
Dec. 2004 – 89.75 |
| (combined sales) |
Nov. 2004 – 85.06 |
|
Dec. 2003 – 87.71 |
|
|
| Absorption Rate: |
Dec 2004 – 20.50 weeks |
| (number of weeks necessary to sell current |
Nov. 2004 – 25.32 weeks |
| combined inventory at current rate of sales) |
Dec. 2003 – 25/14 weeks |
|
|
|
Prepared by
Larry D. McGee, CRS, CRB
The Berkshire Group
From data provided by Metro List, Inc., does not include private or builder sales.
Kristal Kraft
