Here are today’s real estate absorption rates for Fort Collins, Loveland and Windsor Colorado. An absorption rate is the approximate number of weeks or months it takes to sell the current home inventory at the present rate of sales.
Here is the breakdown for each city.
Fort Collins:
Current active residential attached and detached homes = 1,726
The number of residential attached and detached homes sold in March = 230
Based on these numbers, the approximate number of homes sold per week = 53.1
Therefore, the absorption rate = 32.5 weeks = 8.1 months.
Loveland:
Current active residential attached and detached homes = 1,100
The number of residential attached and detached homes sold in March = 103
Based on these numbers, the approximate number of homes sold per week = 23.8
Therefore, the absorption rate = 46.3 weeks = 11.6 months.
Windsor:
Current active residential attached and detached homes = 557
The number of residential attached and detached homes sold in March = 42
Based on these numbers, the approximate number of homes sold per week = 9.7
Therefore, the absorption rate = 57.5 weeks = 14.4 months.
Absorption rate is a good measuring stick for homeowners and buyers wanting information about the real estate market. Another useful tool is the average number of days homes are on the market before they sell. For more valuable real estate information, please visit the Northern Colorado real estate website.
1 response so far ↓
» Absorption Rates for Fort Collins, Loveland & Windsor Colorado // April 12, 2008 at 4:55 am |
[...] mikemalvey has a reputation for providing reliable and awe-inspiring information. Check out the latest post on Absorption Rates for Fort Collins, Loveland & Windsor Colorado that may be of interest. Below summarizes what was written: [...]