There are 20 active homes for sale ranging from $1,675,000 to $750,000
There are 6 Under Contract homes
7 home sold in the last 30 days
Home price sold in the last 30 days- $1,500 000-$725,000
Sold Average Days on Market - 42
Average Active Days on Market - 88
Current Months of Inventory is 8.57 months
It still is a buyers market in the Timbers with almost 9 months of inventory. Things are still selling at a quick rate as average days are 42 for sold listings. The hot market we had experienced seems to be settling into a strong sustainable market with prices only going up at a steady pace.
Based on information from REcolorado, Inc. for the period 01/10/2019-4/12/2019
Not all properties were listed and/or sold by Colorado Dream Properties. This representation is based in whole or in part on content supplied by REcolorado, Inc. does not guarantee nor is it in anyway responsible for tis accuracy. Content may not reflect all real estate market activity
Posted on April 3, 2019 - 08:11 PM
by Nancy Sammons
To me, this is one of the most important Market Metrics. The funny thing about this is a lot of agents don't know what it is or how to calculate it. Months of inventory tells you if you are in a buyer's market, a seller's market or a neutral m...