This snapshot of the real estate market in Lakewood, 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 November 4, 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.
If you want to know more about your neighborhood between Denver and Boulder, give me a call!
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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
Find Homes for Sale, no Matter Who Listed Them, at Dream House Hunting.
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Copyright © 2011 Joetta Fort