Denver Sales Statistics March 2005
Metro Denver Prices:
| Single Family Average Price: |
Mar. 2005 – $292,046 |
| (Detached Dwelling) |
Feb. 2005 – $291,036 |
| |
Mar. 2004 – $275,500 |
| |
|
| Condo Average Price |
Mar. 2005 – $184,409 |
| |
Feb. 2005 – $186,418 |
| |
Mar. 2004 – $177,833 |
| |
|
| Combined Average Price |
Mar. 2005 – $269,254 |
| |
Feb. 2005 – $267,771 |
| |
Mar. 2004 – $253,297 |
|
Percent of Sales Price Change: (from Mar. 2004 to Mar. 2005)
| Single Family |
+6.01% |
| Condo |
+3.70% |
| Average |
+6.30% |
| Total Combined Number of Homes for Sale |
Mar. 2005 – 23,023 |
| |
Feb. 2005 – 21,730 |
| |
Mar. 2004 – 24,909 |
| |
|
Percent of Change in Available Inventory:
(Mar. 2004 vs Mar. 2005) |
-7.57% |
| |
|
| Number of Combined Homes Sold this Month |
Mar. 2005 – 3,778 |
| vs. the previous month |
Feb. 2005 – 2,779 |
| vs. the same month last year: |
Mar. 2004 – 3,695 |
| |
|
| Average days on Market – Mar. 2005 vs Mar. 2004 |
Mar. 2005 – 99.87 |
| (combined sales) |
Feb. 2005 – 106.00 |
| |
Mar. 2004 – 94.32 |
| |
|
| Absorption Rate: |
Mar. 2005 – 26.41 weeks |
| (number of weeks necessary to sell current |
Feb. 2005 – 33.88 weeks |
| combined inventory at current rate of sales) |
Mar. 2004 – 29.21 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.
