Denver Sales Statistics January 2004
| Single Family Average Price: |
Jan. 2004 – $284,154 |
| (Detached Dwelling) |
Dec. 2003 – $275,289 |
| |
Jan. 2003 – $265,826 |
| |
|
| Condo Average Price |
Jan. 2004 – $189,206 |
| |
Dec. 2003 – $182,411 |
| |
Jan. 2003 – $173,839 |
| |
|
| Combined Average Price |
Jan. 2004 – $262,345 |
| |
Dec. 2003 – $253,190 |
| |
Jan. 2003 – $243,477 |
|
Percent of Sales Price Change: (from Jan. 2003 to Jan. 2004)
| Single Family |
+6.89% |
| Condo |
+8.84% |
| Average |
+7.75% |
| Total Combined Number of Homes for Sale |
Jan. 2004 – 21,846 |
| |
Dec. 2003 – 21,623 |
| |
Jan. 2003 – 21,288 |
| |
|
Percent of Change in Available Inventory:
(Dec. 2002 vs Dec. 2003) |
+2.63% |
| |
|
| Number of Combined Homes Sold this Month |
Jan. 2004 – 3,290 |
| vs. the previous month |
Dec. 2003 – 3,585 |
| vs. the same month last year: |
Jan. 2004 – 3,515 |
| |
|
| Average days on Market – Jan. 2004 vs Dec. 2003 |
Jan. 2004 – 97.73 |
| (combined sales) |
Dec. 2003 – 89.44 |
| |
Jan. 2003 – 82.21 |
| |
|
| Absorption Rate: |
Jan. 2004 – 28.77 weeks |
| (number of weeks necessary to sell current |
Dec. 2003 – 26.14 weeks |
| combined inventory at current rate of sales) |
Jan. 2003 – 26.24 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 December 2003
