DALE BECKER CELL: (303) 416-0087

RE/MAX Masters EMAIL: DaleBecker@remax.net

"Working by Referral Since 1994" UPDATED BLOG: www.ElevatedRE.com
10-Feb-10
Where is the Activity in our Market?
Total RESIDENTIAL Listings % of Listings
Under Contract % Under Contract Absorption Rate Active / Contract
0-$250k 7593 39%
3685 63% 3.87 2.06
$250-$400K 5337 27%
1337 23% 6.16 3.99
$400-$600k 3085 16%
536 9% 9.70 5.76
$600k-$1M 2093 11%
205 3% 18.69 10.21
$1 Million + 1308 7%
97 2% 31.90 13.48
TOTAL 19416 100%
5860 100% 5.89 3.31
Overall Absorption Rate = 5.89 Months
MONTH-END INVENTORY OF SINGLE FAMILY HOMES ON THE MARKET - DENVER METRO Absorption Rate is the number of months it would
2008 2009 2010 20009/10 Change take to sell all homes on the market in a given
JANUARY 24,489 19,748 17,465 -11.60% price range if no new homes were to come on the
FEBRUARY 25,037 20,059 -20.10% market, based on the current pace of sales.
MARCH 25,516 20,628 -19.20%
APRIL 26,171 20,705 -20.90% ** FEBRUARY 2010 Market Observations **
MAY 26 333
26,333 20 734
20,734 -21 20%
-21.20% * The headlines are true: the Denver market improved at all levels in January
JUNE 26,014 20,853 -19.90% * The absorption rate fell from 8.83 months in December to 5.89 months in January - significant improvement
JULY 25,673 20,890 -18.70% * A recent Zillow report showed that Denver homeowners gained $7.87 billion in equity in 2009 - tops in the US
AUGUST 24,648 20,225 -18.00% * The Fed will end its $1.25 trillion mortgage purchase program in next month - rates likely headed higher
SEPTEMBER 23,923 19,834 -17.10% * We are now in peak "tax credit" buyer season for the next 75 days
OCTOBER 23,120 18,945 -18.00% * The inventory of homes on the market today is 29% below the inventory we had in January of 2008
NOVEMBER 21,761 18,061 -17.10% * One year ago there were 35.9 homes for sale at $1 million or above for each under contract; today, it's just 13.48
DECEMBER 19,600 16,456 -16.10%
16.10% * For charts, graphs and more details about our market conditions, go to www.DaleBecker.com

ABSORPTION RATE 0-$250k $250-400k $400-600k $600-1M $1M-plus

Active Listings 7593 5337 3085 2093 1308
Under Contract Past 30 Days 1961 866 318 112 41
Months/Inventory as of Feb 10 3.87 6.16 9.70 18.69 31.90
Months/Inventory as of Jan 10 5.62 9.98 15.07 24.86 35.22
Months/Inventory as of Dec 10 4.79 9.86 12.98 26.46 46.71
M th /I
Months/Inventory
t as off N
Nov 10 3
3.55 8 02
8.02 12 6
12.65 21 09
21.09 4 69
45.69
Months/Inventory as of Oct 10 2.89 6.99 13.83 20.67 68.12
Months/Inventory as of Sep 10 2.88 6.55 11.44 20.95 53.46

In real estate, six months of inventory is considered a "balanced market". Below six months is a seller's market , over six months is a buyer's market

For complete, up-to-date analysis of our market, visit my blog at www.ElevatedRE.com

Remember I am never too busy for any of your referrals!
Remember,
Data taken from Metrolist 2/10/10 and no liability for errors or ommissions is assumed. Information deemed reliable but not guaranteed. Equal housing opportunity.