The Berkshire Group, Realtors constantly track the Denver real estate market, keeping track of Denver average home sale prices, the average condo prices, including the percent of sales price changes, number of homes for sale in the market, percent in change in available inventory, average days on market and the absorption rate. Tracking the past is a way to predict trends in the real estate market. For additional information about specific neighborhoods and their growth trends, please call.

April 2005

Metro Denver Prices:

Single Family Average Price: Apr. 2005 - $307,308
(Detached Dwelling) Mar. 2005 - $292,046
Apr. 2004 - $284,853
Condo Average Price Apr. 2005 - $181,873
Mar. 2005 - $184,409
Apr. 2004 - $183,529
Combined Average Price Apr. 2005 - $279,450
Mar. 2005 - $269,254
Apr. 2004 - $262,086

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

Single Family +7.98%
Condo -0.90%
Average +6.63%
Total Combined Number of Homes for Sale Apr. 2005 - 24,164
Apr. 2005 - 23,023
Apr. 2004 - 26,584
Percent of Change in Available Inventory:
(Apr. 2004 vs Apr. 2005)
-9.10%
Number of Combined Homes Sold this Month Apr. 2005 - 5,151
vs. the previous month Mar. 2005 - 3,778
vs. the same month last year: Apr. 2004 - 5,118
Average days on Market - Apr. 2005 vs Apr. 2004 Apr. 2005 - 92.66
(combined sales) Mar. 2005 - 99.87
Apr. 2004 - 88.60
Absorption Rate: Apr. 2005 - 20.33 weeks
(number of weeks necessary to sell current Mar. 2005 - 26.41 weeks
combined inventory at current rate of sales) Apr. 2004 - 22.51 weeks

Prepared byLarry D. McGee, CRS, CRBThe Berkshire Group
From data provided by Metro List, Inc., does not include private or builder sales.