Douglas Highlands Ranch and Lone Tree- (Includes Lone Tree, and Highlands Ranch)
188 residential closings down 1.1 % over Apr 06. # of Active Listings down 7.2%
Douglas Highlands Ranch Lone Tree - Absorption rate in this area is quite a bit less, 15.7 weeks.
| Apr-06 | Apr-07 | % Change | |
| # of sales closed - Month | 190 | 188 | -1.1% |
| # of sales Closed - YTD | 659 | 622 | -5.9% |
| Avg Days on Market | 56 | 64 | 12.5% |
| # of Active Listings | 669 | 624 | -7.2% |
| # of NEW Listings | 484 | 462 | -4.8% |
| Absorbtion Rate (in Weeks) | 15.8 | 15.7 | -0.2% |
| Average Price (Sold) | 369,012 | 347,269 | -6.3% |
Absorption Rate Definition - the rate at which a market can absorb additional units of supply without causing market saturation and severe price distortions. For example, during a recessionary period, many homeowners may list their house for sale. Since the supply of homes entering the home resale market increased without a corresponding increase in demand, the market absorption rate has been exceeded, and the market price of the resale homes declines. A simple definition is the number of weeks it takes to sell the current inventory at the present rate of sales.
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