Market Stats

Real Estate Trends 4Q_2013

Glossary:

  • 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.

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