Denver Sales Statistics March 2004
Metro Denver Prices:
| Single Family Average Price: |
Mar. 2004 – $275,634 |
| (Detached Dwelling) |
Feb. 2004 – $279,825 |
| |
Mar. 2003 – $268,064 |
| |
|
| Condo Average Price |
Mar. 2004 – $178,030 |
| |
Feb. 2004 – $179,311 |
| |
Mar. 2003 – $171,151 |
| |
|
| Combined Average Price |
Mar. 2004 – $253,297 |
| |
Feb. 2004 – $253,335 |
| |
Mar. 2003 – $245,140 |
|
Percent of Sales Price Change: (from Mar. 2003 to Mar. 2004)
| Single Family |
+2.28% |
| Condo |
+4.01% |
| Average |
+3.33% |
| Total Combined Number of Homes for Sale |
Mar. 2004 – 24,909 |
| |
Dec. 2003 – 23,212 |
| |
Mar. 2003 – 23,967 |
| |
|
Percent of Change in Available Inventory:
(Mar. 2002 vs Mar. 2003) |
+3.93% |
| |
|
| Number of Combined Homes Sold this Month |
Mar. 2004 – 3,695 |
| vs. the previous month |
Feb. 2004 – 2,678 |
| vs. the same month last year: |
Mar. 2004 – 2,879 |
| |
|
| Average days on Market – Mar. 2004 vs Mar. 2003 |
Mar. 2004 – 95.51 |
| (combined sales) |
Feb. 2004 – 96.52 |
| |
Mar. 2003 – 87.0 |
| |
|
| Absorption Rate: |
Mar. 2004 – 29.21 weeks |
| (number of weeks necessary to sell current |
Feb. 2004 – 37.20 weeks |
| combined inventory at current rate of sales) |
Mar. 2003 – 36.10 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
