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Home Market Trend Analyis - Denver Metro Area S...

Market Trend Analyis - Denver Metro Area Selected Towns/Cities

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:

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%

Westminster

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

http://www.milehighhomehunter.com/

http://www.milehighforeclosure.com/

http://www.HomesInColorado.com/mclarkson

http://www.milehighmls.com/

http://www.cashpathrealestate.com/

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.

Posted Sunday Mar 02