Denver Sales Statistics November 2004
Metro Denver Prices:
| Single Family Average Price: |
Nov. 2004 – $290,366 |
| (Detached Dwelling) |
Oct. 2004 – $289,983 |
| |
Nov. 2003 – $283,517 |
| |
|
| Condo Average Price |
Nov. 2004 – $182,676 |
| |
Oct. 2004 – $185,804 |
| |
Nov. 2003 – $175,292 |
| |
|
| Combined Average Price |
Nov. 2004 – $265,795 |
| |
Oct. 2004 – $265,834 |
| |
Nov. 2003 – $258,532 |
|
Percent of Sales Price Change: (from Nov. 2003 to Nov. 2004)
| Single Family |
+2.42% |
| Condo |
+2.07% |
| Average |
+2.81% |
| Total Combined Number of Homes for Sale |
Nov. 2004 – 24,533 |
| |
Oct. 2004 – 26.030 |
| |
Nov. 2003 – 3,396 |
| |
|
Percent of Change in Available Inventory:
(Nov. 2004 vs Nov. 2003) |
+3.02% |
| |
|
| Number of Combined Homes Sold this Month |
Nov. 2004 – 4,199 |
| vs. the previous month |
Oct. 2004 – 5,131 |
| vs. the same month last year: |
Nov. 2003 – 3,396 |
| |
|
| Average days on Market – May. 2004 vs May. 2003 |
Nov. 2004 – 85.06 |
| (combined sales) |
Oct. 2004 – 91.96 |
| |
Nov. 2003 – 85.46 |
| |
|
| Absorption Rate: |
Nov 2004 – 25.32 weeks |
| (number of weeks necessary to sell current |
Oct. 2004 – 21.98 weeks |
| combined inventory at current rate of sales) |
Nov. 2003 – 30.39 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 May 2004
