October 2005
Metro Denver Prices:
| Single Family Average Price: (Detached Dwelling) | Oct 2005 | $314,586 | |
| Sep 2005 | $308,427 | ||
| Oct 2004 | $289,022 | ||
| Condo Average Price: (Attached Dwelling) | Oct 2005 | $186,981 | |
| Sep 2005 | $193,887 | ||
| Oct 2004 | $182,022 | ||
| Combined Average Price: | Oct 2005 | $285,313 | |
| Sep 2005 | $282,114 | ||
| Oct 2004 | $265,834 | ||
| Percent of Sales Price Change: from Oct 2004 to Oct 2005 | Single Family: | +8.85% | |
| Condo: | +2.72% | ||
| Combined | +7.33% | ||
| Total Combined Number of Homes for Sale: | Oct 2005 | 26,828 | |
| Sep 2005 | 27,200 | ||
| Oct 2004 | 26,030 | ||
| Percent of Change in Available Inventory: (Oct 2004 vs. Oct 2005) | +3.07% | ||
| Number of Combined Homes Sold this month | Oct 2005 | 4,006 | |
| vs. previous month | Sep 2005 | 5,573 | |
| vs. same month last year | Oct 2004 | 5,131 | |
| Average days on Market: (Combined Sales) | Oct 2005 | 89.65 | |
| Sep 2005 | 84.75 | ||
| Oct 2004A | 91.97 | ||
| Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales) | Oct 2005 | 29.02 weeks | |
| Sep 2005 | 21.15 weeks | ||
| Oct 2004 | 21.98 weeks | ||
| Median Sold Price:Single Family | Oct 2005 | $250,000 | |
| Sep 2005 | $250,000 | ||
| Oct 2004 | $235,900 | ||
| Condo | Oct 2005 | $157,904 | |
| Sep 2005 | $165,000 | ||
| Oct 2004 | $159,000 |
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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