- Absorption Rate – How many months it will take the market to absorb it’s current inventory. In other words, if no other houses come on the market, it will take less than 1 1/2 months to sell all the homes currently listed. 5-6 months is considered a healthy market. Anything less is a seller’s market and anything more is a buyer’s market.
- Average Sold Price – The average sold price of all properties sold in Wheat Ridge during the month.
- Average Days on Market – Average days on MLS from day listed to the day it went under contract and sold.