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Denver Home Sale Prices
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January 2005
Metro Denver Prices:
| Single Family Average Price: |
Jan. 2005 - $291,001 |
| (Detached Dwelling) |
Dec. 2004 - $288,818 |
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Jan. 2004 - $283,134 |
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| Condo Average Price |
Jan. 2005 - $184,215 |
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Dec. 2004 - $184,189 |
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Jan. 2004 - $189,826 |
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| Combined Average Price |
Jan. 2005 - $266,794 |
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Dec. 2004 - $265,717 |
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Jan. 2004 - $262,346 |
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Percent of Sales Price Change:
(from Jan. 2004 to Jan. 2005)
| Single Family |
+2.78% |
| Condo |
-2.96% |
| Average |
+1.70% |
| Total Combined Number of Homes for Sale |
Jan. 2005 - 20,917 |
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Dec. 2004 - 20,891 |
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Jan. 2004 - 21,848 |
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Percent of Change in Available Inventory:
(Jan. 2004 vs Jan. 2005) |
-4.25% |
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| Number of Combined Homes Sold this Month |
Jan. 2005 - 2,713 |
| vs. the previous month |
Dec. 2004 - 4,416 |
| vs. the same month last year: |
Jan. 2004 - 3,290 |
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| Average days on Market - Jan. 2005 vs Jan. 2004 |
Jan. 2005 - 98.53 |
| (combined sales) |
Dec. 2004 - 89.75 |
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Jan. 2004 - 96.90 |
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| Absorption Rate: |
Jan. 2005 - 33.41 weeks |
| (number of weeks necessary to sell current |
Dec. 2004 - 20.50 weeks |
| combined inventory at current rate of sales) |
Jan. 2004 - 28.77 weeks |
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Prepared by
Larry D. McGee, CRS, CRB
The Berkshire Group
From data provided by Metro List, Inc., does not include private or builder sales.
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