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Louisville, CO Still Holding Strong

Louisville Sales To Inventory Ratios

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2005 27.42% 12.99% 25.00% 25.71% 29.31% 24.58% 27.78% 30.36% 33.33% 26.96% 15.69% 25.32%
2006 17.65% 13.79% 18.56% 32.98% 19.09% 32.14% 30.39% 28.87% 23.16% 19.77% 16.25% 23.44%
2007 18.46% 24.19% 20.00% 22.89% 28.41% 26.32% 24.73% 50.62% 20.27% 26.56% 27.12% 21.28%
2008 11.11% 17.57% 25.32% 26.83% 31.40% 34.18% 36.84% 27.14% 17.19% 25.40% 7.94% 13.46%
2009 8.47% 15.38% 15.48% 18.18% 15.53% 28.04% 23.96% 26.74%
23.73% 12.43% 38.87% 32.23% 50.52% 17.96% 34.97% 1.47%

I was looking at Boulder's Sales to Inventory Numbers and was just inputing the numbers I have been tracking since 2005 and was pleasently surprised to see how well Louisville, CO is doing. Louisville was looking tough in May, 2009 with a reduction of 50%, but has come back extremly strong in August with only a 1.47% fall for year over year absortion rates.

As I stated in my Boulder, CO post, September 15, 2009 was a true downturn in our market with the fall of Lehmen Brothers. Many Buyers in our market put a brake on moving forward. With the strong numbers Louisville is posting we should expect to see good things from the Louisville market going forward into 2010. At 26.14% absorption Louisville is ony 3.3% points away from being a Sellers Market. Wow who would have Thought back in May.

Posted Sunday Sep 13