Denver Real Estate Market Update – November 2004

By Kristal Kraft Denver Realtor | Published: November 29, 2004

Metro Denver Prices:

Single Family Average Price:span 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 byLarry D. McGee, CRS, CRBThe Berkshire Group, REALTORS
From data provided by Metrolist, Inc., does not include private or builder sales.

Related posts:

  1. Denver Real Estate Sales Statistics – December 2004

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