Denver Sales Statistics February 2005

Metro Denver Prices:

Single Family Average Price: Feb. 2005 – $291,036
(Detached Dwelling) Jan. 2005 – $291,001
  Feb. 2004 – $277,784
   
Condo Average Price Feb. 2005 – $186,418
  Jan. 2005 – $184,215
  Feb. 2004 – $173,191
   
Combined Average Price Feb. 2005 – $267,771
  Jan. 2005 – $266,794
  Feb. 2004 – $253,335

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

Single Family +4.77%
Condo +7.64%
Average +5.70%

Total Combined Number of Homes for Sale Feb. 2005 – 22,730
  Jan. 2005 – 20,917
  Feb. 2004 – 23,212
   
Percent of Change in Available Inventory:
(Feb. 2004 vs Feb. 2005)		 -6.38%
   
Number of Combined Homes Sold this Month Feb. 2005 – 2,779
vs. the previous month Jan. 2005 – 2,713
vs. the same month last year: Feb. 2004 – 2,678
   
Average days on Market – Feb. 2005 vs Feb. 2004 Feb. 2005 – 106.00
(combined sales) Jan. 2005 – 98.53
  Feb. 2004 – 96.04
   
Absorption Rate: Feb. 2005 – 33.88 weeks
(number of weeks necessary to sell current Jan. 2005 – 33.41 weeks
combined inventory at current rate of sales) Feb. 2004 – 37.56 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.

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