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.

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