Denver Sales Statistics January 2005

Single Family Average Price: Jan. 2005 – $291,001
(Detached Dwelling) Dec. 2004 – $288,818
  Jan. 2004 – $283,134
   
Condo Average Price Jan. 2005 – $184,215
  Dec. 2004 – $184,189
  Jan. 2004 – $189,826
   
Combined Average Price Jan. 2005 – $266,794
  Dec. 2004 – $265,717
  Jan. 2004 – $262,346

Percent of Sales Price Change: (from Jan. 2003 to Jan. 2004)

Single Family +2.78%
Condo -2.96%
Average +1.70%

Total Combined Number of Homes for Sale Jan. 2005 – 20,917
  Dec. 2004 – 20,891
  Jan. 2004 – 21,848
   
Percent of Change in Available Inventory:
(Jan. 2004 vs Jan. 2005)		 -4.25%
   
Number of Combined Homes Sold this Month Jan. 2005 – 2,713
vs. the previous month Dec. 2004 – 4,416
vs. the same month last year: Jan. 2004 – 3,290
   
Average days on Market – Jan. 2005 vs Jan. 2004 Jan. 2005 – 98.53
(combined sales) Dec. 2004 – 89.75
  Jan. 2004 – 96.90
   
Absorption Rate: Jan. 2005 – 33.41 weeks
(number of weeks necessary to sell current Dec. 2004 – 20.50 weeks
combined inventory at current rate of sales) Jan. 2004 – 28.77 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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