Nerd Corner: August MLS Stats

There are a number of positive continued signs in this months report: August 2011 combined MLS Residential Statistics had the following changes compared to August of 2010.


One thing to take note of is the absorption rate: under 6 months of house inventory means that it is a SELLER's market - there is more demand than supply. This is very interesting, because the doom and gloom national real estate news is obviously not what is happening in the Metro Denver real estate market.

• The Number of Closed Sales had a significant increase (up 28.4%, to 3,177)
• Average Days on Market increased slightly to 96 days
• Number of Active Listings decreased 24% to 13,436
• Absorption Rate declined a whopping 39% to 4.4 months
• Average Sold Price decreased slightly from $295,516 to $284,065

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August Denver House Guy Newsletter

Check out my August Denver House Guy Newsletter PACKED with Denver market trends, stats, and tips!!

May 2010 MLS Stats vs. 2009

Here is a quick high-level recap of the May 2010 combined MLS Residential Statistics compared to May of 2009. Even after the expiration of the tax credit, the Denver area market is showing excellent signs:

• Increase in the Number of Closed Sales to 3,416 (up 19.6% for the month)
• Average Days on Market reduced 27.9% to 75 days
• Number of Active Listings increased 4.2% to 16,333
• Absorption Rate dropped to 4.6 months (down 15.3%)
• Average Sold Price remains strong (up 4.3% from $262,066 to $273,285) compared to May, 2009.

These are all very good signs for the market in the Metro Denver area and surrounding cities.

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April 2010 vs. April 2009 Residential Stats

While individual areas vary, April 2010 combined MLS Residential Statistics had a number of positive indicators compared to April of 2009.

• Increase in the Number of Closed Sales to 3,308 (up 22.2% for the month)
• Average Days on Market reduced 22.5% to 79 days
• Number of Active Listings increased 1.3% to 15,843
• Absorption Rate dropped to 4.5 months (down 21.3%)
• Average Sold Price remains strong (up 7.8% from $254,442 to $274,253) compared to April 2009.

April 2010 stats are affected by the tax credit, however April 2009 was also during the tax credit.

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