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.
Metro Denver Real Estate Statistics
December 2004
Metro Denver Prices:
| Single Family Average Price: |
Dec. 2004 - $288,818 |
| (Detached Dwelling) |
Nov. 2004 - $289,934 |
| |
Dec. 2003 - $273,700 |
| |
|
| Condo Average Price |
Dec. 2004 - $184,189 |
| |
Nov. 2004 - $182,445 |
| |
Dec. 2003 - $182,034 |
| |
|
| Combined Average Price |
Dec. 2004 - $265,717 |
| |
Nov. 2004 - $265,890 |
| |
Dec. 2003 - $251,890 |
Percent of Sales Price Change:
(from Dec. 2003 to Dec. 2004)
| Single Family |
+5.52% |
| Condo |
+1.18% |
| Average |
+5.49% |
| Total Combined Number of Homes for Sale |
Dec. 2004 - 20,891 |
| |
Nov. 2004 - 24,533 |
| |
Dec. 2003 - 21,623 |
| |
|
Percent of Change in Available Inventory:
(Dec. 2004 vs Dec. 2003) |
-3.39% |
| |
|
| Number of Combined Homes Sold this Month |
Dec. 2004 - 4,416 |
| vs. the previous month |
Nov. 2004 - 4,199 |
| vs. the same month last year: |
Dec. 2003 - 3,585 |
| |
|
Average days on Market
Dec 2004 vs Dec 2003 |
Dec. 2004 - 89.75 |
| (combined sales) |
Nov. 2004 - 85.06 |
| |
Dec. 2003 - 87.71 |
| |
|
| Absorption Rate: |
Dec 2004 - 20.50 weeks |
| (number of weeks necessary to sell current |
Nov. 2004 - 25.32 weeks |
| combined inventory at current rate of sales) |
Dec. 2003 - 25/14 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 Metro Denver sales statistics:
Denver Colorado Sold Statistics for November 2004
