Adams County, Colorado Market Stats

Colorado is an awesome place to live. Here are the stats for Sept in Adams county.

Home Sales

September home sales were 657, down -20.9% from 831 in September of 2008 and 3.8% higher than the 633 sales last month. September 2009 sales were at a mid level compared to September of 2008 and 2007. September YTD sales of 5,448 are running -18.3% behind last year's year-to-date sales of 6,668.

Prices

The Median Sales Price in September was $157,500, up 1.0% from $156,000 in September of 2008 and down -3.4% from $163,000 last month. The Average Sales Price in September was $177,634, up 3.1% from $172,350 in September of 2008 and down -3.0% from $183,146 last month. September 2009 ASP was at a mid range compared to September of 2008 and 2007.

Inventory & MSI

The Total Inventory of homes available for sale as of September was 2,385, down -3.2% from 2,464 last month and down -28.6% from 3,340 in September of last year. September 2009 Inventory was at its lowest level compared with September of 2008 and 2007.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The September 2009 MSI of 3.6 months was at its lowest level compared with September of 2008 and 2007.

Market Time

The average Days On Market (DOM) shows how many days the average home is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for September was 57, down -6.6% from 61 days last month and down -13.6% from 66 days in September of last year. The September 2009 DOM was at its lowest level compared with September of 2008 and 2007.

Selling Price per Square Foot

The Selling Price per Square Foot is a great indicator for the direction of home values. Since Median Sales Price and Average Sales price can be impacted by the 'mix' of high or low end homes in the market, the selling price per square foot is a more normalized indicator on the direction of home values. The September 2009 Selling Price per Square Foot of $112 was up 1.9% from $110 last month and up 4.1% from 108 in September of last year.

Selling Price vs. Original Listing Price

The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The September 2009 Selling Price vs Original List Price of 96.7% was down from 97.5% last month and up from 93.9% in September of last year.

Inventory / New Listings / Sales

The number of New Listings in September 2009 was 1,129, down -1.4% from 1,145 last month and down -15.2% from 1,332 in September of last year.