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Wednesday, May 7, 2014

The Seller’s Market Keeps Outdoing Itself — Just Look at These Charts

[Published May 8, 2014, in the Jeffco editions of the Denver Post's YourHub section. A truncated version also appeared in five Jefferson County weekly newspapers.]

Month after month the statistics of this real estate market have been jaw-dropping.  Sellers have responded to the call and put their homes on the market, but not as fast as buyers have been snapping them up. These charts showing five-year statistics through the end of April tell the story better than words can express!  (Source: Metrolist, LLC)

Number of Active Listings Are at an All-Time Low...
... Despite a Big Surge in New Listings!
Average Number of Days on Market is Down...

... But Look at the Median Days on Market!

The Number of Homes Sold Per Month Is the Highest It Has Been in 5 Years...

... Bringing the Supply of Active Listings Down to 1 Month!

The Average Ratio of Sold to Original Listing Price Approaches 100%....

... But the Average Ratio of Sold to Current Listing Price Is Already There!

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