Grand Junction Homes Current Market Absorption

By
Real Estate Agent with RE/MAX 4000

grand junction homes market absorption

 

Grand Junction Homes are Selling Quickly, Here is Why!

 

If you are looking to buy a home in the Grand Junction area, you have noticed that new listings disappear quickly and there are many buyers looking at the same homes you are.  Grand Junction is currently a Seller's market and we have a shortage of available homes.  Here is the quick explanation about  Grand Junction Homes Market "Absorption Rate" and how it affects home buyers and sellers.

 

What is the 'Absorption Rate'

The absorption rate is the rate at which available homes are sold in a specific real estate market during a given time period. It is calculated by dividing the total number of available homes by the average number of sales per month. The figure shows how many months it will take to exhaust the supply of homes on the market.  Currently the Grand Junction Homes  Market Absorption rate is averaging 2-4 months.

Absorption Rate Key

  • 1-4 months – Sellers Market. More buyers than sellers, with properties often selling quickly for more than asking price.

 

  • 5-6 months – Normal Market. Similar number of both buyers and sellers. Properties sell for, or close to asking price.

 

  • 7+ months –  Buyers Market. More sellers than buyers, with homes taking longer to sell, and often selling for much less than asking price, if at all.
           
           
           
           
           
Single Family Residential Absorption Rate Mesa County (based on previous 12 months)
5/1/16 - 5/1/17        
5/1/2017 Price Range Sold Listings Active Listings Months of Inventory  
  0 - 100k 73 16 2.6  
  101k - 200k 1050 277 3.2  
  201k - 300k 1093 402 4.4  
  301k - 400k 343 161 5.6  
  401k - 500k 180 90 6.0  
  501k - 700k 86 93 13.0  
  701k - 1 million 19 44 27.8  
  1 million - up 8 24 36.0  
           
Single Family Residential Absorption Rate Mesa County (based on previous 6 months)
11/1/16 - 5/1/17        
5/1/2017 Price Range Sold Listings Active Listings Months of Inventory  
  0 - 100k 40 16 2.4  
  101k - 200k 449 277 3.7  
  201k - 300k 501 402 4.8  
  301k - 400k 146 161 6.6  
  401k - 500k 70 90 7.7  
  501k - 700k 33 93 16.9  
  701k - 1 million 9 44 29.3  
  1 million - up 2 24 72.0  
           

If you are looking to buy or sell a home in the Grand Valley area, call Sandra for a personal consultation, (970) 261-1686

Posted by

Sandra Mathewson

CRS ABR GRI SFR CDPE

RE/MAX 4000 Inc.

call or text (970) 261-1686

I am Sandra Mathewson, a full-time Realtor working both as a listing agent and a buyer's agent. I love using the internet to meet people and keep in touch with friends and clients. I write this blog to show you why Grand Junction, Fruita, Palisade and surrounding real estate is truly something to be desired.

Visit my GrandJunctionHomesGuide.com website if you are considering buying or selling. You will find it as your best online source of information. How is the market doing? I'll keep you posted with the most current MLS reports. You can also search for homes for sale in Grand Junction (including Fruita, Palisade and surrounding areas). Read about the communities, events and things to do in this great Grand Junction, Colorado Lifestyle.

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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

This is great information for people looking to buy in Grand Junction Sandra. It's easy to see why homes are selling so fast based on your analytics.

May 08, 2017 12:17 PM #1
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Sandra Mathewson
RE/MAX 4000 - Grand Junction, CO
CRS,ABR,SRES,GRI,CDPE RE/MAX

Debe Maxwell, CRS Thank you Debe!

May 13, 2017 06:23 AM #2
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Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Very simple breakdown but shows that everything comes in cycles and we can do big things if we put our minds to it!

May 29, 2017 08:11 PM #3
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Sandra Mathewson

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