October 2005 Real Estate Statistics
Posted by
Kristal Kraft, Denver Realtor on
November 11th, 2005
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 |
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