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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 (+741) properties compared to this time last year.  Compared to this time last year we are up +741 properties.  We are now above last years high of 8,418 set on Oct 14th.  Sales have continued to remain strong and our absorption rate remains unchanged at 1.94 months.  Denver County remains above the 2K listing count and continues to lead the Metro with 2,620 active listings and Broomfield County continues to have the fewest listings at 191 properties.  Current publications indicate a balanced real estate market would need a minimum of 18,000 listings (see video below).  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 all 6 counties are under 2 months for the with exception of Denver and Douglas county.  Jefferson County has the lowest absorption rates at 1.57 months while Denver county has the highest rate at 2.49 months.

County Sold Active Absorption Rate
Adams 760 1289 1.69
Arapahoe 962 1853 1.92
Broomfield 119 191 1.60
Denver 1049 2620 2.41
Douglas 722 1740 2.41
Jefferson 861 1352 1.57
Total 4,473 9,045 1.94

 

Past Market Activity for the (6) County Metro Area:

  • April 26th: 7,130 and 1.59 Months of Inventory
  • April 19th: 6,725 and 1.59 Months of Inventory
  • April 12: Spring Break
  • April 5th: Spring Break
  • March 29th: 6,060 and 1.56 Months of Inventory
  • March 22nd: 6,007 and 1.63 Months of Inventory
  • March 8th: 6,048 and 1.74 Months of Inventory
  • March 2nd: 5,886 and 1.95 Months of Inventory
  • 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

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  • October 30th: 9,045 & 1.94 Months of Inventory

Weekly Video Update

We hope you enjoy the newest version of the Greater Metro Denver Market Review with Megan Aller.


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

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