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.

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.

 

 

 

 

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I write posts on real estate issues and local events in the Denver metro area, especially those *communities between Denver and Boulder, as a public service. My hope is to give people an idea of the 'flavor' of our community, in case they're new or moving to the Denver area.

I am a residential real estate agent, happily helping folks buy a house or sell a house in the beautiful and friendly *suburbs northwest of Denver.

*Arvada, Broomfield, Lafayette, Louisville, Superior, Westminster; also Thornton, Golden, Wheat Ridge, Northglen, Lakewood

Read more about Arvada Colorado, a historic small town between Denver and Boulder.

Find Homes for Sale, no Matter Who Listed Them, at Dream House Hunting.

 

Copyright © 2011 Joetta Fort

 

 

Joetta Fort, Realtor       720-353-8031       joetta.fort@gmail.com


 
This post has been included in Colorado Real Estate News Jefferson County, CO Real Estate News Arvada, CO Real Estate News
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Joetta Fort, Independent Broker Homes Denver to Boulder

Arvada, CO

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The DiGiorgio Group

Address: 7828 Vance Dr. #202, Arvada, CO, 80003

Office Phone: (720) 242-5200

Cell Phone: (720) 353-8031

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