Denver I Q

The Metro Denver resale housing market was better in 2006 and 2007 than perceived and written about by local and national media.

The graphs below demonstrate the available resale housing inventory, total homes sold, and the absorption rate in the Metro Denver market for 2005, 2006, and 2007.

The absorption rate is the number of weeks it will take to sell the available inventory
at the current rate of sales, with no additional inventory coming to the market.

The absorption rate improves as the sales increase in the warm months from March to
October.

The market for 2006 and 2007 were very similar with regard to sales, while available
inventory was less in 2007 than 2006.

As home builder inventory decreases, the existing inventory sales will increase and
resale inventory will continue to decrease.

The Denver area residential real estate market is in much better condition than much of the United States, partly because there was little speculative sales in the past five years, and partly because of the solid economic fundamentals in the Denver area

The number of foreclosed properties did not have a noticeable effect on available
inventory, total sales, or the absorption rate in 2006 and 2007.

The graphs were developed from information supplied by Metrolist, Inc, the Metro Denver MLS provider.

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