Denver Sales Statistics November 2005
The Berkshire Group Realtors watch the Denver market by keeping track of the inventory for sale, sold prices, percent of sales price change, change in available inventory, average days on the market and the absorption rate.
Metro Denver Prices:
| Single Family Average Price: |
Nov 2005 $309,030 |
| (Detached Dwelling) |
Oct 2005 $314,586 |
| |
Nov 2004 $289,934 |
| |
|
| Condo Average Price |
Nov 2005 $187,194 |
| (Attached Dwelling) |
Oct 2005 $186,981 |
| |
Nov 2004 $182,445 |
| |
|
| Combined Average Price |
Nov 2005 $281,716 |
| |
Oct 2005 $285,313 |
| |
Nov 2004 $265,795 |
|
Percent of Sales Price Change: (from Nov 2004 to Nov 2005)
| Single Family |
+6.59% |
| Condo |
+2.60% |
| Average |
+5.99% |
| Total Combined Number of Homes for Sale |
Nov 2005 26,020 |
| |
Oct 2005 26,828 |
| |
Nov 2004 24,533 |
| |
|
Percent of Change in Available Inventory:
|
+6.06% |
| (Nov 2004 vs. Nov 2005) |
|
| Number of Combined Homes Sold this Month |
Nov 2005 3,903 |
| vs. the previous month |
Oct 2005 4,006 |
| vs. the same month last year: |
Nov 2004 4,119 |
| |
|
| Average days on Market – |
Nov 2005 91.28 |
| (combined sales) |
Oct 2005 89.65 |
| |
Nov 2004A 85.06 |
| |
|
| Absorption Rate: |
Nov 2005 28.89 weeks |
| (number of weeks necessary to sell current |
Oct 2005 29.02 weeks |
| combined inventory at current rate of sales) |
Nov 2004 25.32 weeks |
| |
|
| Median Sold Price: |
Nov 2005 $248,250 |
| Single Family |
Oct 2005 $250,000 |
| |
Nov 2004 $236,500 |
| Condo |
Nov 2005 $165,000 |
| |
Oct 2005 $157,904 |
| |
Nov 2004 $156,000 |
|
