Denver Market Update

Homes for sale, average sale price for Denver homes and condos, average days on the market, absorption rate and total number of combined sales.

Denver Sales Statistics

March 2005

Metro Denver Prices:

Single Family Average Price: Mar. 2005 - $292,046
(Detached Dwelling) Feb. 2005 - $291,036
Mar. 2004 - $275,500
Condo Average Price Mar. 2005 - $184,409
Feb. 2005 - $186,418
Mar. 2004 - $177,833
Combined Average Price Mar. 2005 - $269,254
Feb. 2005 - $267,771
Mar. 2004 - $253,297

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

Single Family +6.01%
Condo +3.70%
Average +6.30%
Total Combined Number of Homes for Sale Mar. 2005 - 23,023
Feb. 2005 - 21,730
Mar. 2004 - 24,909
Percent of Change in Available Inventory:
(Mar. 2004 vs Mar. 2005)
-7.57%
Number of Combined Homes Sold this Month Mar. 2005 - 3,778
vs. the previous month Feb. 2005 - 2,779
vs. the same month last year: Mar. 2004 - 3,695
Average days on Market - Mar. 2005 vs Mar. 2004 Mar. 2005 - 99.87
(combined sales) Feb. 2005 - 106.00
Mar. 2004 - 94.32
Absorption Rate: Mar. 2005 - 26.41 weeks
(number of weeks necessary to sell current Feb. 2005 - 33.88 weeks
combined inventory at current rate of sales) Mar. 2004 - 29.21 weeks

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

Denver Metro Home Sale Statistics for February 2005
Denver Metro Home Sale Statistics for January 2005
Denver Metro Home Sale Statistics for December 2004
Denver Metro Home Sale Statistics for November 2004
Denver Metro Home Sale Statistics for May 2004
Denver Metro Home Sale Statistics for April 2004
Denver Metro Home Sale Statistics for March 2004
Denver Metro Home Sale Statistics for January 2004
Denver Metro Home Sale Statistics for December 2003
Denver Metro Home Sale Statistics for November 2003