| Market Trend Analysis - Denver Metro Selected Towns/Cities | |||||||||
| Based on information from MetroList, Inc. for period July 10, 2008 to August 7, 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) | MOI Chg from Prior Month | Current Mkt State | Under Contract | Sales Trend | Sales Trend Chg.% |
| Arvada | 555 | 1,349 | 112.4 | 4.9 | (0.02) | Seller's Market | 191 | Seller's Trend | 70% |
| Aurora | 2,067 | 4,918 | 409.8 | 5.0 | (0.15) | Seller's Market | 802 | Seller's Trend | 96% |
| Boulder | 171 | 272 | 22.7 | 7.5 | 0.40 | Buyer's Market | 26 | Seller's Trend | 15% |
| Broomfield | 345 | 747 | 62.3 | 5.5 | 0.00 | Neutral Market | 103 | Seller's Trend | 65% |
| Castle Rock | 1,112 | 1,230 | 102.5 | 10.8 | 0.00 | Buyer's Market | 150 | Seller's Trend | 46% |
| Centennial | 548 | 1,259 | 104.9 | 5.2 | 0.24 | Seller's Market | 182 | Seller's Trend | 73% |
| Commerce City | 435 | 844 | 70.3 | 6.2 | (0.46) | Neutral Market | 179 | Seller's Trend | 155% |
| Denver | 4,454 | 9,216 | 768.0 | 5.8 | (0.15) | Neutral Market | 1,591 | Seller's Trend | 107% |
| Erie | 168 | 321 | 26.8 | 6.3 | (0.14) | Neutral Market | 38 | Seller's Trend | 42% |
| Golden | 552 | 623 | 51.9 | 10.6 | 0.42 | Buyer's Market | 78 | Seller's Trend | 50% |
| Greenwood Village | 141 | 132 | 11.0 | 12.8 | 0.04 | Buyer's Market | 21 | Seller's Trend | 91% |
| Highlands Ranch | 504 | 1,283 | 106.9 | 4.7 | (0.09) | Seller's Market | 196 | Seller's Trend | 83% |
| Lafayette | 98 | 159 | 13.3 | 7.4 | (0.83) | Buyer's Market | 28 | Seller's Trend | 111% |
| Lakewood | 564 | 1,272 | 106.0 | 5.3 | (0.08) | Seller's Market | 198 | Seller's Trend | 87% |
| Littleton | 988 | 2,341 | 195.1 | 5.1 | 0.11 | Seller's Market | 240 | Seller's Trend | 23% |
| Louisville | 32 | 104 | 8.7 | 3.7 | (0.08) | Seller's Market | 14 | Seller's Trend | 62% |
| Northglenn | 137 | 424 | 35.3 | 3.9 | (0.41) | Seller's Market | 94 | Seller's Trend | 166% |
| Parker | 931 | 1,040 | 86.7 | 10.7 | 3.29 | Buyer's Market | 221 | Seller's Trend | 155% |
| Superior | 36 | 107 | 8.9 | 4.0 | (0.98) | Seller's Market | 15 | Seller's Trend | 68% |
| Thornton | 578 | 1,771 | 147.6 | 3.9 | (0.22) | Seller's Market | 304 | Seller's Trend | 106% |
| Westminster | 523 | 1,272 | 106.0 | 4.9 | (0.31) | Seller's Market | 165 | Seller's Trend | 56% |
| Wheat Ridge | 131 | 297 | 24.8 | 5.3 | 0.18 | Seller's Market | 54 | Seller's Trend | 118% |
| Total of Selected Towns & Locales | 15,070 | 30,981 | 2,581.8 | 5.8 | (0.02) | Neutral Market | 4,890 | Seller's Trend | 89% |
| Total MetroList* | 19,788 | xx | 4,154.0 | 4.8 | (0.46) | Seller's Market | 4,764 | Seller's Trend | 15% |
| * 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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Thursday, August 07, 2008
Denver Market Date - By City/Locale - July 2008
Denver Market Continues to Tighten - Median Price Housing Shortage Looms?
Is Denver facing a housing shortage? Well, maybe not a comprehensive shortage, but one where it counts – right in the market sweet spot, the median priced home.
Over the past few months Denver has been acting counter cyclically to the national market. If you read my monthly blog, accessible from my site, www.MileHighHomeHunter.com , you know that I have been saying the local market is tightening in the sub-$300k price point.
Inventories this month are tight again:
· Up to $100k – 2.8 months of inventory
· $100k to $200k – 4.2 months of inventory
· $200k to $300k – 5.1 months of inventory
· All are improvements over last month AND all are inventories that are 1/5 to ½ of the national months of inventory, depending on the price point viewed.
For more information, go to my blog at MileHighHomeHunter.com.
Denver – A Mile High and Never Coming Down!
Michael Clarkson
The Mile High Home Hunter
| Market Trend Analysis - Denver Metro Selected Towns/Cities | ||||||||||
| Based on information from MetroList, Inc. for period July 10, 2008 to August 7, 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 | ||||||||||
| (How Calculated) | A | B | C = B/12 | D = A/C | E | F = A/E | ||||
| Price Range | Active | % of Market | Sold in Past 12 Months | Sold Per Month | Months of Inventory | Current Activity Status | Curr Month Under Contract | Near Term Sales Trend | Months of Inventory if Current Month Activity Level Continues | |
| $ - | $ 100,000 | 885 | 4.30% | 3,764 | 314 | 2.8 | Seller's Market | 872 | Seller's Trend | 1.0 |
| $ 100,001 | $ 200,000 | 3,920 | 19.03% | 11,251 | 938 | 4.2 | Seller's Market | 1,929 | Seller's Trend | 2.0 |
| $ 200,001 | $ 300,000 | 4,662 | 22.63% | 10,868 | 906 | 5.1 | Seller's Market | 1,420 | Seller's Trend | 3.3 |
| $ 300,001 | $ 400,000 | 3,206 | 15.56% | 5,450 | 454 | 7.1 | Buyer's Market | 694 | Seller's Trend | 4.6 |
| $ 400,001 | $ 500,000 | 2,152 | 10.45% | 2,502 | 209 | 10.3 | Buyer's Market | 377 | Seller's Trend | 5.7 |
| $ 500,001 | $ 600,000 | 1,318 | 6.40% | 1,302 | 109 | 12.1 | Buyer's Market | 196 | Seller's Trend | 6.7 |
| $ 600,001 | $ 700,000 | 957 | 4.65% | 716 | 60 | 16.0 | Buyer's Market | 97 | Seller's Trend | 9.9 |
| $ 700,001 | $ 800,000 | 751 | 3.65% | 436 | 36 | 20.7 | Buyer's Market | 61 | Seller's Trend | 12.3 |
| $ 800,001 | $ 900,000 | 522 | 2.53% | 327 | 27 | 19.2 | Buyer's Market | 38 | Seller's Trend | 13.7 |
| $ 900,001 | $1,000,000 | 449 | 2.18% | 188 | 16 | 28.7 | Buyer's Market | 24 | Seller's Trend | 18.7 |
| $1,000,001 | No Upper Boundary | 1,776 | 8.62% | 662 | 55 | 32.2 | Buyer's Market | 86 | Seller's Trend | 20.7 |
| Total (Seasonally Adjusted)* | 20,598 | 100.00% | 37,466 | 3,122 | 6.6 | Buyer's Market | 5,794 | Seller's Trend | 3.6 | |
| Total (NOT Seasonally Adjusted)** | 19,788 | xx | xx | 4,154 | 4.8 | Seller's Market | 4,764 | Seller's Trend | 4.2 | |
| 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. | ||||||||||
| * Uses 12-trailing months' average to smooth out the effects of Denver's purchase season (60% Apr - Sep; 40% Oct - Mar). | ||||||||||
| ** Uses raw data to show the impact of current levels of purchases on current levels of supply. This causes substantial seasonal swings in months of inventory. MetroList cutoff date may likely differ from date of data shown above. | ||||||||||
You can find great local Erie, Colorado real estate information on Localism.com Michael Clarkson is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business.
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