Denver Absorption Rate for January 2010 | Denver Real Estate and Relocation

Absorption Rates and Other Real Estate Matters

The State of Denver Real Estate

Homes for sale in Denver making up the current real estate inventory are staying on the market an average of 88.91 days. That is less than 3 months.

For the record it is said any amount over 6 months is a buyer’s market, under a 6-month time frame it is a seller’s market. That may be good news, depending up on which side of the transaction you are on.

Selling Your Home? Here’s Some Good News!

The Absorption Rate in Denver is at 32.16 weeks (a 2 week improvement over same time last year)

Our inventory is getting skinny. Last year we had 19,748 homes on the market, this is 2283 homes MORE than we had on the market in January 2010.

Having a selection of 17,465 homes to choose from sounds like a lot, but when you segment this into price ranges, multiple neighborhoods, condition, actually availability (don’t get me started on bait & switch short sales) plus age and style, this renders only a handful of homes that might meet a buyer’s needs!

Couple this handful of homes with the added competition and we have sellers receiving multiple offers. This is great for the seller, but very disappointing for the buyer and his troupe of support (agent, lender, inspector, etc.) when he loses house after house to higher bids.

How Many Homes in Denver Did We Sell?

Last year we sold 116 LESS homes than we did this January. 2010 saw a total of 2,353 closings!

We are selling more homes with less to choose from.

Buyers are excited about purchasing because they are looking forward to their $8000/6500 tax credit.

About the Author

Kristal Kraft
Kristal has been helping buyers and sellers in Colorado since 1984. She enjoys sharing her knowledge of the Metro Denver Real Estate market via blogging and in person while driving around the beautiful Rocky Mountain town of Denver! For fun, Kristal enjoys shooting things with a Canon. Visit Denver Photo Blog