December 2005

Metro Denver Prices:

Metro Denver Prices:

Single Family Average Price: (Detached Dwelling) Dec 2005 $303,834
Nov 2005 $309,030
Dec 2004 $288,818
Condo Average Price: (Attached Dwelling) Dec 2005 $190,023
Nov 2005 $187,194
Dec 2004 $184,189
Combined Average Price: Dec 2005 $278,544
Nov 2005 $281,716
Dec 2004 $265,717
Percent of Sales Price Change: from Dec 2004 to Dec 2005 Single Family: +5.20%
Condo: +3.17%
Combined +4.83%
Total Combined Number of Homes for Sale: Dec 2005 23,572
Nov 2005 26,020
Dec 2004 20,891
Percent of Change in Available Inventory: (Dec 2004 vs. Dec 2005) +12.83%
Number of Combined Homes Sold this month Dec 2005 4,086
vs. previous month Nov 2005 3,903
vs. same month last year Dec 2004 4,416
Average days on Market: (Combined Sales) Dec 2005 97.67
Nov 2005 91.28
Dec 2004 89.75
Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales) Dec 2005 25.00 weeks
Nov 2005 28.89 weeks
Dec 2004 20.50 weeks
Median Sold Price:Single Family Dec 2005 $245,000
Nov 2005 $248,250
Dec 2004 $232,500
Condo Dec 2005 $160,000
Nov 2005 $165,500
Dec 2004 $155,475