Denver Sales Statistics May 2005
Metro Denver Prices:
| Single Family Average Price: |
May 2005 – $305,730 |
| (Detached Dwelling) |
Apr. 2005 – $307,308 |
| |
May 2004 – $294,040 |
| |
|
| Condo Average Price |
May 2005 – $195,567 |
| |
Apr. 2005 – $181,873 |
| |
May 2004 – $182,791 |
| |
|
| Combined Average Price |
May 2005 – $281,062 |
| |
Apr. 2005 – $279,450 |
| |
May 2004 – $270,237 |
|
Percent of Sales Price Change: (from May 2004 to May 2005)
| Single Family |
+3.98% |
| Condo |
+ 6.99% |
| Average |
+4.01% |
| Total Combined Number of Homes for Sale |
May 2005 – 24,945 |
| |
Apr. 2005 – 24,164 |
| |
May 2004 – 27,510 |
| |
|
Percent of Change in Available Inventory:
(Apr. 2004 vs Apr. 2005) |
-9.32% |
| |
|
| Number of Combined Homes Sold this Month |
May 2005 – 4,631 |
| vs. the previous month |
Apr. 2005 – 5,151 |
| vs. the same month last year: |
May 2004 – 4,842 |
| |
|
| Average days on Market – May 2005 vs May 2004 |
May 2005 – 87.27 |
| (combined sales) |
Apr. 2005 – 92.66 |
| |
May 2004 – 83.92 |
| |
|
| Absorption Rate: |
May 2005 – 23.34 weeks |
| (number of weeks necessary to sell current |
Apr. 2005 – 20.33 weeks |
| combined inventory at current rate of sales) |
May 2004 – 24.62 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.
