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Keith, Looking at the market through the actual statistics makes more sense than listening to all the doom and gloom. This is great information for our clients.
The tables I use are built in googledocs on the insert table side. It makes it easy to read.
[…] I wrote an earlier post, Translating Denver Days on Market, reporting what the average number of days each home was on the market before it was under contract and what that means to people considering a sale. Another way to measure the health of our real estate market is to compare how many months of supply are on hand, or absorption rate (AR). The larger the supply, the more competition there is for sellers and the higher likelihood that prices will drop or concessions will be offered. For a great overview of Absorption Rates, check out Keith Jeppson’s article, Buyers or Sellers Market? Absorption Rate is the Key! Keith is a wonderful Realtor who blogs out of Salt Lake City. […]
[…] For more information on Absorption Rates and their meaning Click Here. […]
denver post news colorado mortgage…
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[…] Sellers Remember to look at more than one month of statistics to get a better picture on where we are and when might be a good time to buy or sell. I still strongly recommend buying if the time and circumstances are right. Homes are still selling, however a seller needs to price it right and make sure it shows well. For more information on Absorption Rates, check out these links. Second Quarter Residential Absorption Rates – Denver Area Real Estate 2007Buyers or Sellers Market? Absorption Rate is the Key Based on information from Metrolist, Inc. for the period of July 1, 2007 to September 30, 2007. Note: This representation is based in whole or in part in content supplied by 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. […]
[…] For more information on Absorption Rates and their meaning Click Here. […]
[…] September homes sales dropped to 186 homes & condos sold which is even lower than the average sales in January, the slowest month of the year. The number of active listings increased to 1,806 listings. The result of the growing home inventory and declining sales is an is an absorption rate of 9.7 months. That is a 4% increase in time on market over the August rate of 6.8 months. Check out the September Absorption Rates by city here. […]