This snapshot of the real estate market in Arvada, Colorado provides info on homes for sale, under contract, sold in the past six months, and days on market using information taken directly from Metrolist on October 24, 2010, for single family homes. Sorry the links aren't working for the graphs, but if you want more current info:
See current market reports for Arvada, Westminster, and Broomfield CO (click the link)
Absorption rate is an estimate of how long it would take all the houses currently on the market to sell, if no new ones were added, based on how many sold in recent months. It’s an artificial number, of course, but a good indicator of market trends. I think it’s one of the most useful statistics we can be aware of. I believe absorption rate is more valid than ‘days on market’, because DOM is quite skewed by short sales, which stay on the market considerably longer.
Since my last report, we're seeing mixed trends for both days on market and absorption rate. But overall, there's been almost exactly the same number of homes sold as the previous six month report.
See all homes for sale, register to receive daily updates, receive notice of price changes at: DreamHouseHunting.com
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Based on information from Metrolist, Inc. for the periods specified in the report.
Note: This representation is based in whole or in part on content supplied by Metrolist, Inc. Metrolist does not guarantee nor is in any way responsible for its accuracy. Data maintained by Metrolist may not reflect all real estate activity in the market content.
Copyright © 2011 Joetta Fort