So, months of inventory is the time it would take to sell all of the homes on the market if the rate of sales in the last year continued at its current pace. 6 months is considered a "balanced market". More expensive homes have more inventory.
City -Average Sales Price-Months of Inventory
Federal Heights-$110,000 -2
Northglenn-$151,000 - 2.8
Commerce City-$149,000-3.4
Aurora- $180,000-3.4
Thornton- $195,000- 3
Wheat Ridge-$235,000-4
Westminster- $235,000-4.2
Denver- $235,000- 4.6
Lakewood-$251,000-4.8
Arvada-$251,000-5
Englewood-$280,000-4.2
Centennial-$300,000-4.3
Littleton- $320,000-5.2
Highlands Ranch-$345,000-4.6
Broomfield- $340,000 -5.7
Morrison- $320,000 -7.3
Parker- $350,000 -6.9
Golden-$415,000- 8.6
Castle Rock-$425,000-11.3
Evergreen-$475,000-14.3
