March Statistics 2005

Denver Market Update

Homes for sale, average sale price for Denver homes and condos, average days on the market, absorption rate and total number of combined sales.

Denver Sales Statistics

March 2005

Metro Denver Prices:

Single Family Average Price:	Mar. 2005 – $292,046
(Detached Dwelling)	Feb. 2005 – $291,036
	Mar. 2004 – $275,500

Condo Average Price	Mar. 2005 – $184,409
	Feb. 2005 – $186,418
	Mar. 2004 – $177,833

Combined Average Price	Mar. 2005 – $269,254
	Feb. 2005 – $267,771
	Mar. 2004 – $253,297

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

Single Family	+6.01%
Condo	+3.70%
Average	+6.30%

Total Combined Number of Homes for Sale	Mar. 2005 – 23,023
	Feb. 2005 – 21,730
	Mar. 2004 – 24,909

Percent of Change in Available Inventory: (Mar. 2004 vs Mar. 2005)	-7.57%

Number of Combined Homes Sold this Month	Mar. 2005 – 3,778
vs. the previous month	Feb. 2005 – 2,779
vs. the same month last year:	Mar. 2004 – 3,695

Average days on Market – Mar. 2005 vs Mar. 2004	Mar. 2005 – 99.87
(combined sales)	Feb. 2005 – 106.00
	Mar. 2004 – 94.32

Absorption Rate:	Mar. 2005 – 26.41 weeks
(number of weeks necessary to sell current	Feb. 2005 – 33.88 weeks
combined inventory at current rate of sales)	Mar. 2004 – 29.21 weeks

Prepared byLarry D. McGee, CRS, CRBThe 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