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Denver Metro 6 County Inventory Count

Friday Fun Facts: As record low inventory levels continue to dominate the real estate narrative in Colorado – we have been monitoring inventory levels each Friday in the 6 County Denver Metro Area. This week we are down (-1,053) properties for a total of 6,890.  This level indicates an 21 week low.  The last time we were at this level was the middle of June.  Denver County dropped below 2K listings but continues to lead the Metro with 1997 active listings and Broomfield County continues to have the fewest listings at 142 properties.  Current publications indicate a balanced real estate market would need 25-30,000 listings.  Thinking about selling…let’s talk!

What do these numbers mean? To help understand what these numbers mean to our local markets we are now including the number of sold comps during the past 30 days or 1 month.  Looking at our sold numbers over the past month allows us to calculate a monthly absorption rate.  An absorption rate tells us how many months it would take to sell off our entire inventory should we have no new listings.  A balanced market is considered 6 months.  Below we see Jefferson County have the lowest absorption rates at 1.52 months while Douglas county has the highest rates just at 2.40 months.

County Sold Active Absorption Rate
Adams 611 1124 1.84
Arapahoe 841 1364 1.62
Broomfield 83 142 1.71
Denver 839 1997 2.38
Douglas 505 1187 2.35
Jefferson 663 1076 1.62
Total 3542 6890 1.95

 

Active Listing for the (6) County Metro Area:

  • December 7th: 6,890 & 1.95 Months of Inventory
  • November 30th: Thanksgiving
  • November 16th: 7,943 & 1.93 Months of Inventory
  • November 2nd: 8,304 & 2.03 Months of Inventory
  • October 26th: 8415 & 2.07 Months of Inventory
  • October 19th: 8,418 & 2.12 Months of Inventory
  • October 12th: 8,414 & 2.05 Months of Inventory
  • October 5th: 8,292
  • September 28th: 8,304
  • September 21st: 8,191
  • September 14th: 8,057
  • September 7th, 7,815
  • August 31st: 7,631
  • August 24th: 7,741
  • August 17th: 7,747
  • August 10th: 7,659
  • August 3rd: 7,538
  • July 27th: 7,563
  • July 20th: Vacation
  • July 13th: Vacation
  • July 6th: 6,907
  • June 29th: 6,975
  • June 15th: 6,733
  • June 1st: 6,122
  • May 25th: 5,799
  • May 18th: 5,924
  • May 11th: 5,579
  • May 04th: 5,446
  • April 27th: 5,188
  • April 13th; 5,063
  • April 6th: 4,913
  • March 31st: 4,517
  • March 23rd: 4,641
  • March 16th: 4,547
  • March 9th: 4,409
  • March 2nd: 4,289
  • February 23rd: 4,200
  • February 16th: 4,147

Colorado Association of REALTORS® Market Trends for October, 2018. For more housing market statistics, please visit: http://www.coloradorealtors.com/market-trends/

Statistics produced from ReColorado: Active listings in Adams (1124), Arapahoe (1364), Broomfield (142), Denver (1,997), Douglas (1,187), and Jefferson (1076) County.  Looking for market stats relating to your specific neighborhood?  Click Here

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