January 2005 Homes Sale Statistics

February 2005

Metro Denver Prices:

Single Family Average Price:	Feb. 2005 – $291,036
(Detached Dwelling)	Jan. 2005 – $291,001
	Feb. 2004 – $277,784

Condo Average Price	Feb. 2005 – $186,418
	Jan. 2005 – $184,215
	Feb. 2004 – $173,191

Combined Average Price	Feb. 2005 – $267,771
	Jan. 2005 – $266,794
	Feb. 2004 – $253,335

Percent of Sales Price Change: (from Feb. 2004 to Feb. 2005)

Single Family	+4.77%
Condo	+7.64%
Average	+5.70%

Total Combined Number of Homes for Sale	Feb. 2005 – 22,730
	Jan. 2005 – 20,917
	Feb. 2004 – 23,212

Percent of Change in Available Inventory: (Feb. 2004 vs Feb. 2005)	-6.38%

Number of Combined Homes Sold this Month	Feb. 2005 – 2,779
vs. the previous month	Jan. 2005 – 2,713
vs. the same month last year:	Feb. 2004 – 2,678

Average days on Market – Feb. 2005 vs Feb. 2004	Feb. 2005 – 106.00
(combined sales)	Jan. 2005 – 98.53
	Feb. 2004 – 96.04

Absorption Rate:	Feb. 2005 – 33.88 weeks
(number of weeks necessary to sell current	Jan. 2005 – 33.41 weeks
combined inventory at current rate of sales)	Feb. 2004 – 37.56 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.

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