Keller Williams Realty of Northern Colorado

Two critical measures of a real estate market are the Month’s Supply of Inventory (MSI) and Days On Market (DOM). The MSI is an estimate of how long it will take for all the homes in a market area to be sold, or absorbed, based on the number of homes currently on the market and the rate that homes have sold in the past. The lower the better for sellers. DOM is the average number of days it has taken homes to sell in a market in a given time period. Again, the lower the better for sellers.

The graph below shows the change in MSI for Loveland, Greeley and Fort Collins from 9/1/2007-9/30/2009:

While DOM has not dropped for all three cities, the MSI has lowered significantly across the board and points to a more balanced real estate market.
Source: Brokers Metrics, “Months Supply of Inventory (MSI) 9/1/2007-9/30/2009” for Fort Collins, Loveland and Greeley.

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Posted By: Keller Williams Realty of Northern Colorado - Fort Collins Real Estate Agents,
specializing in Fort Collins Real Estate and Northern Colorado Real Estate
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