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Denver Sales Statistics

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 by
Larry D. McGee, CRS, CRB
The Berkshire Group

From data provided by Metro List, Inc., does not include private or builder sales.


Past Real Estate Reports for Metro Denver
Denver Real Estate Sales Statistics March 2005
Denver Real Estate Sales Statistics February 2005
Denver Real Estate Sales Statistics January 2005
Denver Real Estate Sales Statistics December 2004
Denver Real Estate Sales Statistics November 2004

Denver Real Estate & Economic News
Average Yearly Interest Rate for Denver ColoradoReal Estate & Economic News - January 2005
Average Yearly Interest Rate for Denver ColoradoReal Estate & Economic News - February 2005
Average Yearly Interest Rate for Denver ColoradoReal Estate & Economic News - March 2005

Denver, CO Real Estate Company - The Berkshire Group The Berkshire Group Realtors, Inc.
3801 E. Florida Ave., Suite 502, Denver, Colorado U.S.A. 80210
303-350-5838 office | 303-350-5839 fax
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