A review of the September market stats shows a slight increase in inventory along the Front Range.
The way we currently measure inventory is in days.
Meaning, at the current pace of sales, how many days would it take to sell all of the inventory currently for sale.
The results, based on September’s activity, shows only a slight increase compared to August. This increase can be tied to seasonality as we always experience a slight cooling off of the market heading into the Fall.
Here is what the residential inventory looks like in each of our markets:
- Larimer County = 25 days
- Weld County = 23 days
- Metro Denver = 21 days
Bottom line, the residential market is still very healthy.
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