The Denver Metro Real Estate Sales Statistics:
July 2005
| Single Family Average Price: (Detached Dwelling) | July 2005 | $318,527 | |
| June 2005 | $310,798 | ||
| July 2004 | $297,088 | ||
| Condo Average Price: (Attached Dwelling) | July 2005 | $184,288 | |
| June2005 | $193,588 | ||
| July 2004 | $178,044 | ||
| Combined Average Price: | July 2005 | $291,498 | |
| June 2005 | $284,874 | ||
| June 2004 | $271,919 | ||
| Percent of Sales Price Change: from July 2004 to July 2005 | Single Family: | +7.22% | |
| Condo: | +3.51% | ||
| Combined | +7.20% | ||
| Total Combined Number of Homes for Sale: | July 2005 | 26,411 | |
| June 2005 | 25,817 | ||
| July 2004 | 28,026 | ||
| Percent of Change in Available Inventory: (July 2004 vs. July 2005) | -5.76% | ||
| Number of Combined Homes Sold this month | July 2005 | 6,203 | |
| vs. previous month | June 2005 | 5,091 | |
| vs. same month last year | July 2004 | 6,229 | |
| Average days on Market: (Combined Sales) | July 2005 | 81.84 | |
| June 2005 | 83.19 | ||
| July 2004A | 75.55 | ||
| Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales) | July 2005 | 18.45 weeks | |
| June 2005 | 21.97 weeks | ||
| July 2004 | 19.50 weeks | ||
| Median Sold Price:Single Family | July 2005 | $252,250 | |
| June 2005 | $251,500 | ||
| July 2004 | $244,800 | ||
| Condo | July 2005 | $164,000 | |
| June 2005 | $163,307 | ||
| July 2004 | $157,367 |
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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