Denver Sales Statistics July 2005
Metro Denver Prices:
| Single Family Average Price: |
July 2005 $318,527 |
| (Detached Dwelling) |
June 2005 $310,798 |
| |
July 2004 $297,088 |
| |
|
| Condo Average Price |
July 2005 $184,288 |
| (Attached Dwelling) |
June2005 $193,588 |
| |
July 2004 $178,044 |
| |
|
| Combined Average Price |
July 2005 $291,498 |
| |
June 2005 $284,874 |
| |
June 2004 $271,919 |
|
Percent of Sales Price Change: (from July 2004 to July 2005)
| Single Family |
+7.22% |
| Condo |
+3.51% |
| Average |
+7.20% |
| Total Combined Number of Homes for Sale |
July 2005 26,411 |
| |
June 2005 25,817 |
| |
July 2004 28,026 |
| |
|
Percent of Change in Available Inventory:
|
-5.76% |
| (July 2004 vs. July 2005) |
|
| Number of Combined Homes Sold this Month |
July 2005 6,203 |
| vs. the previous month |
June 2005 5,091 |
| vs. the same month last year: |
July 2004 6,229 |
| |
|
| Average days on Market – |
July 2005 81.84 |
| (combined sales) |
June 2005 83.19 |
| |
July 2004A 75.55 |
| |
|
| Absorption Rate: |
July 2005 18.45 weeks |
| (number of weeks necessary to sell current |
June 2005 21.97 weeks |
| combined inventory at current rate of sales) |
July 2004 19.50 weeks |
|
|
| Median Sold Price: |
July 2005 $252,250 |
| Single Family |
June 2005 $251,500 |
|
July 2004 $244,800 |
| Condo |
July 2005 $164,000 |
|
June 2005 $163,307 |
|
July 2004 $157,367 |
|
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
