June 2007 - Market Trend Analysis - Denver Metro Selected Towns/Cities

Folks:

This month marked a sea change in the Denver market, the overall market moved to a Buyer's Market. Though trending overall to a Seller's Market, it appears that an increase of 1,457 listings swung the market from 5.7 months of inventory to 6.1 months of inventory. You will note that the 12-month moving average homes sold increased this month by 4%, which is an encouraging sign.

As I have shared with clients, the market appears to have mildly swung to a Buyer's Market; a lot of folks, it appears discouraged from years of a sluggish market, are once again putting their homes on the market. Unfortunately, it is at a faster pace than the market can absorb right now. That market absorption being reduced as a result of the sharply rising interest rates.

For more information about your market, please contact me at mj@milehighhomehunter.com

Michael Clarkson
RE/MAX Alliance - Westminster 
 

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Market Trend Analysis - Denver Metro Selected Towns/Cities
Based on information from Metrolist, Inc. for the period May 13, 2007 until June 13, 2007.
Excludes Housing Not Listed in MetroList
Note: Six Months of Inventory Tends to Indicate Neutral Market, Over 6 Months a Buyer's Market, Under 6 Months a Seller's Market
Locale	Active Listings	Prior 12 Months Sold	Sold per Month (Avg)	Months of Home Inventory (MOI)	Current Market Condition	Under Contract This Month	Current Month Vs. Annual Sold per Month	Under Contract vs. 12 Mo. Sold
Arvada	657	1,480	123.3	5.3	Seller's Market	216	Seller's Trend	75%
Aurora	2,763	4,384	365.3	7.6	Buyer's Market	636	Seller's Trend	74%
Broomfield	420	793	66.1	6.4	Buyer's Market	142	Seller's Trend	115%
Castle Rock	885	1,305	108.8	8.1	Buyer's Market	241	Seller's Trend	122%
Centennial	563	1,456	121.3	4.6	Seller's Market	218	Seller's Trend	80%
Denver	4,415	8,330	694.2	6.4	Buyer's Market	1,351	Seller's Trend	95%
Erie	220	296	24.7	8.9	Buyer's Market	44	Seller's Trend	78%
Golden	454	746	62.2	7.3	Buyer's Market	107	Seller's Trend	72%
Highlands Ranch	238	796	66.3	3.6	Seller's Market	132	Seller's Trend	99%
Lafayette	82	218	18.2	4.5	Seller's Market	28	Seller's Trend	54%
Lakewood	605	1,467	122.3	4.9	Seller's Market	207	Seller's Trend	69%
Littleton	1,214	3,196	266.3	4.6	Seller's Market	467	Seller's Trend	75%
Louisville	38	117	9.8	3.9	Seller's Market	14	Seller's Trend	44%
Northglenn	207	465	38.8	5.3	Seller's Market	54	Seller's Trend	39%
Parker	822	1,676	139.7	5.9	Seller's Market	228	Seller's Trend	63%
Superior	51	145	12.1	4.2	Seller's Market	25	Seller's Trend	107%
Thornton	897	1,587	132.3	6.8	Buyer's Market	237	Seller's Trend	79%
Westminster	672	1,340	111.7	6.0	Buyer's Market	173	Seller's Trend	55%
Wheat Ridge	139	338	28.2	4.9	Seller's Market	44	Seller's Trend	56%
Total of Selected Towns & Locales	15,342	30,135	2,511.3	6.1	Buyer's Market	4,564	Seller's Trend	82%
http://www.milehighhomehunter.com/
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http://www.HomesInColorado.com/mclarkson
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.