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RE/MAX Alliance | 9737 Wadsworth Parkway | Westminster | CO | 80021 |
Well, it looks like warm weather (warmer than last year), lowered interest rates and increased showing activity brought people into the market, by the MEGATON!!!
Here are some of the highlights:
- The overall market swung wildly from 5.7 months of inventory to 7.0 months of inventory. WOW!
- HOWEVER, ALL markets surveyed below showed a Seller's Trend (which is based on the change in the current month vs. the 12 trailing months' historical average).
- Overall, the Under Contract volume was up 62% compared to the 12 months' trailing monthly average.
- Total Active Listings - UP 31.6%
- February - 16,997
- March - 22,382
The overall market composite shifted in the following manner:
|
| Sellers' | Neutral | Buyers' | Total |
| Feb-08 | 12 | 6 | 1 | 19 |
| Mar-08 | 8 | 4 | 7 | 19 |
| Chg | (4) | (2) | 6 | 0 |
There were too many notable swings to be meaningful in such a short summary. However, here is a sample of the largest listing inventory changes:
- Castle Rock - From 760 active listings in February to 1,070 in March
- Denver - From 3,796 active listings in February to 5,062 in March
- Golden - From 383 active listings in February to 608 in March
- Greenwood Village - From 53 active listings in February to 162 in March
- Highlands Ranch - From 334 active listings in February to 464 in March
- Lakewood - From 508 active listings in February to 646 in March
- Littleton - From 746 active listings in February to 1,011 in March
- Parker - From 630 active listings in February to 877 in March
- Westminster - From 557 active listings in February to 705 in March
Those are some HUGE changes!
For more information about your specific area, please contact me here.
Market Trend Analysis - Denver Metro Selected Towns/Cities Based on information from Metrolist, Inc. for period February 2, 2008 until March 2, 2008. Single Family Residences - All Price Levels Excludes Housing Not Listed in MetroList Note: Six (5.5 to 6.5) Months of Inventory Tends to Indicate Neutral Market, Over 6.5 Months a Buyer's Market, Under 5.5 Months a Seller's Market 6 Locale Active Listings 12 Months Sold Sold per Month (Avg) Months Inventory (MOI) Current Mkt State Under Contract Sales Trend Sales Trend Chg.% Arvada 615 1,428 119.0 5.2 Seller's Market 172 Seller's Trend 45% Aurora 2,514 4,709 392.4 6.4 Neutral Market 732 Seller's Trend 87% Boulder 103 290 24.2 4.3 Seller's Market 38 Seller's Trend 57% Broomfield 350 802 66.8 5.2 Seller's Market 89 Seller's Trend 33% Castle Rock 1,070 1,399 116.6 9.2 Buyer's Market 157 Seller's Trend 35% Denver 5,062 8,813 734.4 6.9 Buyer's Market 1,343 Seller's Trend 83% Erie 209 307 25.6 8.2 Buyer's Market 47 Seller's Trend 84% Golden 608 704 58.7 10.4 Buyer's Market 78 Seller's Trend 33% Greenwood Village 162 160 13.3 12.2 Buyer's Market 14 Seller's Trend 5% Highlands Ranch 464 969 80.8 5.7 Neutral Market 133 Seller's Trend 65% Lafayette 77 197 16.4 4.7 Seller's Market 24 Seller's Trend 46% Lakewood 646 1,414 117.8 5.5 Seller's Market 149 Seller's Trend 26% Littleton 1,011 2,960 246.7 4.1 Seller's Market 250 Seller's Trend 1% Louisville 22 100 8.3 2.6 Seller's Market 19 Seller's Trend 128% Northglenn 200 406 33.8 5.9 Neutral Market 62 Seller's Trend 83% Parker 877 1,645 137.1 6.4 Neutral Market 194 Seller's Trend 42% Superior 31 127 10.6 2.9 Seller's Market 11 Seller's Trend 4% Thornton 812 1,666 138.8 5.8 Neutral Market 272 Seller's Trend 96% West-minster 705 1,280 106.7 6.6 Buyer's Market 173 Seller's Trend 62% Wheat Ridge 168 294 24.5 6.9 Buyer's Market 41 Seller's Trend 67% Total of Selected Towns & Locales 15,706 29,670 2,472.5 6.4 Neutral Market 3,998 Seller's Trend 62% Total MetroList* 22,382 38,126 3,177.2 7.0 Buyer's Market 5,152 Seller's Trend 62% * Single Family Residences Only Note: This representation is based in whole or in part on content supplied by Metrolist, Inc. Metrolist, Inc. does not guarantee nor is in any way responsible for its accuracy. Content maintained by Metrolist, Inc. may not reflect all real estate activity in the market.
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