December 2005
Metro Denver Prices:
| Single Family Average Price: (Detached Dwelling) | Dec 2005 | $303,834 | |
| Nov 2005 | $309,030 | ||
| Dec 2004 | $288,818 | ||
| Condo Average Price: (Attached Dwelling) | Dec 2005 | $190,023 | |
| Nov 2005 | $187,194 | ||
| Dec 2004 | $184,189 | ||
| Combined Average Price: | Dec 2005 | $278,544 | |
| Nov 2005 | $281,716 | ||
| Dec 2004 | $265,717 | ||
| Percent of Sales Price Change: from Dec 2004 to Dec 2005 | Single Family: | +5.20% | |
| Condo: | +3.17% | ||
| Combined | +4.83% | ||
| Total Combined Number of Homes for Sale: | Dec 2005 | 23,572 | |
| Nov 2005 | 26,020 | ||
| Dec 2004 | 20,891 | ||
| Percent of Change in Available Inventory: (Dec 2004 vs. Dec 2005) | +12.83% | ||
| Number of Combined Homes Sold this month | Dec 2005 | 4,086 | |
| vs. previous month | Nov 2005 | 3,903 | |
| vs. same month last year | Dec 2004 | 4,416 | |
| Average days on Market: (Combined Sales) | Dec 2005 | 97.67 | |
| Nov 2005 | 91.28 | ||
| Dec 2004 | 89.75 | ||
| Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales) | Dec 2005 | 25.00 weeks | |
| Nov 2005 | 28.89 weeks | ||
| Dec 2004 | 20.50 weeks | ||
| Median Sold Price:Single Family | Dec 2005 | $245,000 | |
| Nov 2005 | $248,250 | ||
| Dec 2004 | $232,500 | ||
| Condo | Dec 2005 | $160,000 | |
| Nov 2005 | $165,500 | ||
| Dec 2004 | $155,475 |
About the Author
Kristal Kraft
Kristal has been helping buyers and sellers in Colorado since 1984. She enjoys sharing her knowledge of the Metro Denver Real Estate market via blogging and in person while driving around the beautiful Rocky Mountain town of Denver! For fun, Kristal enjoys shooting things with a Canon. Visit Denver Photo Blog
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