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We at The Berkshire Group keep track of Denver neighborhood statistics. We put them on the map so you can understand the Denver real estate market too.
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Denver Sales Statistics
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December 2003
Metro Denver Prices:
| Single Family Average Price: |
Dec. 2003 - $275,289 |
| (Detached Dwelling) |
Nov. 2003 - $283,766 |
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Dec. 2002 - $268,666 |
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| Condo Average Price |
Dec. 2003 - $182,411 |
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Nov. 2003 - $175,535 |
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Dec. 2002 - $169,159 |
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| Combined Average Price |
Dec. 2003 - $253,190 |
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Nov. 2003 - $258,532 |
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Dec. 2002 - $245,249 |
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Percent of Sales Price Change:
(from Dec. 2002 to Dec. 2003)
| Single Family |
+2.46% |
| Condo |
+7.85% |
| Average |
+3.25% |
| Total Combined Number of Homes for Sale |
Dec. 2003 - 21,623 |
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Nov. 2003 - 23,814 |
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Dec. 2002 - 20,676 |
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Percent of Change in Available Inventory:
(Dec. 2002 vs Dec. 2003) |
+4.6% |
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| Number of Combined Homes Sold this Month |
Dec. 2003 - 3,585 |
| vs. the previous month |
Nov. 2002 - 3,396 |
| vs. the same month last year: |
Dec. 2003 - 3,068 |
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| Average days on Market - Dec. 2003 vs Dec. 2002 |
Dec. 2003 - 89.44 |
| (combined sales) |
Nov. 2003 - 85.75 |
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Dec. 2002 - 76.96 |
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| Absorption Rate: |
Dec. 2003 - 26.14 weeks |
| (number of weeks necessary to sell current |
Nov. 2003 - 30.38 weeks |
| combined inventory at current rate of sales) |
Dec. 2002 - 29.20 weeks |
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Prepared by
Larry D. McGee, CRS, CRB
The Berkshire Group
From data provided by Metrolist, Inc., does not include private or builder sales.
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The Berkshire Group Realtors
3801 E. Florida Ave., Suite 502, Denver, Colorado U.S.A. 80210
303-350-5838 office | 303-350-5839 fax
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