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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 (-72) properties for a total of 5,694.  This puts us back to levels at the start of the year.  Sales had a slight drop to start of the month of February and continued to increase our absorption rate to 2.13 months.  Denver County remains below 2K listings but continues to lead the Metro with 1,779 active listings and Broomfield County continues to have the fewest listings at 116 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 has the lowest absorption rates at 1.62 months while Broomfield joins Denver & Douglas county as the only county’s above two months.

County Sold Active Absorption Rate
Adams 492 891 1.81
Arapahoe 571 1130 1.98
Broomfield 57 116 2.04
Denver 618 1779 2.88
Douglas 396 972 2.45
Jefferson 495 806 1.63
Total 2629 5694 2.17

 

Active Listing for the (6) County Metro Area:

  • February 1st: 5,694 and 2.13 Months of Inventory
  • January 25th
  • January 18th
  • January 13th: 5,766 and 1.89 Months of Inventory
  • January 4th: 5,605 and 1.69 Months of Inventory
  • December 29th: 5,739 and 1.60 Months of Inventory
  • December 22nd: 6,015 and 1.74 Months of Inventory
  • December 15th: 6,564 and 1.87 Months of Inventory
  • 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

Special thanks to Megan Aller at First American Title for the following video.  This week’s vlog takes a look at what we can expect in 2019.  Still a “Seller’s Market” just not as extreme as years past.  Keep an eye on March, April, and May in 2019.

Statistics produced from ReColorado:  Looking for market stats relating to your specific neighborhood?  Click Here

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