April 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 byLarry D. McGee, CRS, CRBThe Berkshire Group From data provided by Metro List, Inc., does not include private or builder sales.