This report covers the month of November 2008. Homes and real estate sold, actively for sale and under contract. I will also include the absorption rate in months. The absorption rate is the amount of time in months that it should take buyers to buy up all the currently available inventory. If you don't know the numbers for the sales in your area there is no way possible for you to begin to understand what the real estate market is doing or how to price your home when it's time to sell.
Check out previous Reports Here.
Take special notice of the absorption rate for Douglas County West below! We have gone from a 10 month inventory level to just over 15 months of inventory. Quite a change in one year. The average sales price has dropped from $471,000 to $363,000 in 12 months. This does not nesscessarily mean prices have dropped that much it means buyers are buying homes in a lower sales price range than the year before.
Have a question about the numbers you see here? Call or EMAIL Steven Beam at 303-941-4663. Real Estate Broker for Douglas County Colorado.
This report covers the MLS area DCW which stands for Douglas County West. Including Castle Rock, Larkspur, Sedalia and a small section of Littleton Colorado.
NOVEMBER 2008 Real Estate Sales Stats for Douglas County Colorado.
| November 2007 | November 2008 | % Change | |
| # Sales Closed for November 2008 | 139 | 95 | -31.7% |
| # Sales Closed Year to Date 2008 |
1,786 | 1,465 | -18.0% |
| Average Days on Market |
88 | 125 | 42.0% |
| # of Active Listing for November 2008 |
1,256 | 1,388 | 10.5% |
| # of NEW Listings for November 2008 |
352 | 315 | -10.5% |
| Absorption Rate in Months |
10.2 | 15.1 | 48.4% |
| Average Sold Price |
$471,212 | $363,494 |
-22.9% |
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