The Berkshire Group, Realtors analyzes Denver real estate trends by using statistical information
obtained from Metrolist Corporation, the MLS provider for Metropolitan Denver. Collecting and monitoring
homes sold and homes available for sale data assist our clients by demonstrating valuation and inventory
trends. Buyers or sellers interested in obtaining specific neighborhood statistics are welcome to contact
The Berkshire Group, Realtors to receive a personalized report.
November 2004
Metro Denver Prices:
| Single Family Average Price: |
Nov. 2004 - $290,366 |
| (Detached Dwelling) |
Oct. 2004 - $289,983 |
| |
Nov. 2003 - $283,517 |
| |
|
| Condo Average Price |
Nov. 2004 - $182,676 |
| |
Oct. 2004 - $185,804 |
| |
Nov. 2003 - $175,292 |
| |
|
| Combined Average Price |
Nov. 2004 - $265,795 |
| |
Oct. 2004 - $265,834 |
| |
Nov. 2003 - $258,532 |
|
Percent of Sales Price Change:
(from Nov. 2003 to Nov. 2004)
| Single Family |
+2.42% |
| Condo |
+2.07% |
| Average |
+2.81% |
| Total Combined Number of Homes for Sale |
Nov. 2004 - 24,533 |
| |
Oct. 2004 - 26.030 |
| |
Nov. 2003 - 3,396 |
| |
|
| Percent of Change in Available Inventory:
(Nov. 2004 vs Nov. 2003) |
+3.02% |
| |
|
| Number of Combined Homes Sold this Month |
Nov. 2004 - 4,199 |
| vs. the previous month |
Oct. 2004 - 5,131 |
| vs. the same month last year: |
Nov. 2003 - 3,396 |
| |
|
| Average days on Market - May. 2004 vs May. 2003 |
Nov. 2004 - 85.06 |
| (combined sales) |
Oct. 2004 - 91.96 |
| |
Nov. 2003 - 85.46 |
| |
|
| Absorption Rate: |
Nov 2004 - 25.32 weeks |
| (number of weeks necessary to sell current |
Oct. 2004 - 21.98 weeks |
| combined inventory at current rate of sales) |
Nov. 2003 - 30.39 weeks |
|
|
Prepared by
Larry D. McGee, CRS, CRB
The Berkshire Group
From data provided by Metrolist, Inc., does not include private or builder sales.
|
