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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 up (+122) properties for a total of 8,414.  This marks the highest inventory levels for 2018.  This week only Arapahoe and Jefferson counties had slight decreases in inventory levels.  Denver County continues to be the only county with over 2K listings and Broomfield County continues to have the fewest listings at 170 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 Broomfield and Jefferson County have the lowest absorption rates while Denver and Douglas county have the highest rates just above 2 months.

County Sold Active Absorption Rate
Adams 683 1296 1.90
Arapahoe 935 1755 1.88
Broomfield 96 170 1.77
Denver 998 2276 2.28
Douglas 615 1525 2.48
Jefferson 785 1392 1.77
Total 4112 8414 2.05

 

Active Listing for the (6) County Metro Area:

  • 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

Statistics produced from ReColorado: Active listings in Adams (1296), Arapahoe (1755), Broomfield (170), Denver (2,276), Douglas (1,525), and Jefferson (1392) County.  Looking for market stats relating to your specific neighborhood?  Click Here

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