Statistics

June 2010 Graphs – Inventory, Sales, Median Prices, Absorption Rate

 This graph reflects the overall available inventory of homes for  sale in the MLS system.  Note that the inventory is slowly rising, but well below the 2007 levels.  Less inventory means higher average prices.

This graph shows the number of homes sold and closed. June closings fell in comparison to the tax credit induced high closing rate of April and June.  Overall Year-to-Date is slightly better than 2009.

 The average sold price took a major turn for the better in June. This may be the result in seasonal purchases made by company transfers of employees that traditionally buy in higher than median price ranges.

The inventory absorption rate increased in June, agains as the result of a drop in total sales after the expiration of the tax credit.

The median sales price most likely peaked in June, not dissimilar to previous years.  The steady improvement in the median price from January of 2009 is very encouraging for the Denver Market.