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Today I'd like to explain a concept that can sometimes be confusing to people. I'm talking about absorption rates, and they are a very important metric in the real estate industry.

In a buyer's market in real estate, there are a lot of homes for sale, so this means that the buyers can pick and choose what homes they would like to buy. In a seller's market, you have a low inventory of homes, so sellers can really get what they ask for because buyers don't have a lot to choose from. In a neutral market, there is an even amount of sellers and buyers, and nobody is in an advantageous position.

So, the absorption rate is a measure of how quickly homes are getting bought up by buyers. This is the rate at which available homes are sold in a specific real estate market during a given time period. It is calculated by dividing the total number of available homes by the average number of sales per month. This helps us to gauge how quickly we can sell your home and it's also beneficial when we come to price your home attractively.

If you ever need any help buying or selling real estate in Denver, please don't hesitate to contact me or my team. The market in Denver is absolutely on fire right now, so please contact us and we'd be glad to assist you!

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Price Evaluation
Hello, and welcome back!

Today, I'm standing in one the premiere neighborhoods in Denver, in front of one of our newest listings. It's in Washington Park, which is known as one of the premier neighborhoods in all of Denver. The home is going on the market for only $350,000 and will probably have 10 offers by Monday. The average sales price in Denver is roughly $315,000, so this is just above it!

The home is a 3-bedroom/1-bathroom home and is about 1,500 square feet! This gives you an idea of where the Denver market is trending. We're expecting a 12% to 15% appreciation year in most of the best neighborhoods in Denver. If you've got a desirable home like the one we're at, we recommend you vacate the property for the first week it's on the market because buyers will be flocking to it.

If you want advice on how to get the most for your home in this great market, give us a call or shoot us a quick email. Keeping the home well-lit, decluttering it, having professional photos taken, and staging your home are all great ways to maximize the value of your home. We would love to help you take the steps necessary to get top dollar for your home, so reach out to us soon!

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"Very professional, knowledgable, friendly... can't say enough good things! Most of our family is involved in the real estate business, so we were hesitant to use an agent when we relocated to Denver (both because we feel pretty comfortable with the process and because we didn't feel that agents generally offer services worthy of a 3-7% compensation). Glad The Anderson Group changed our minds!! In a market like Denver's, particularly, it pays to have a professional on your side who not only knows the area well, but also has a strong network that alerts him/her of potential properties before they even hit the market. The ultra fancy relo materials, beautiful office, and stellar communication were the unexpected bonuses! Oh, and the champagne toast at closing... love!! Thanks so much for a great home-buying experience!!"

Karen & Guy

"We used Ryan Anderson and the Anderson Group to sell our house. We are very happy with the results! He got us top dollar and definitely let us know what we needed to do to get our house ready and it sold very quickly. One of the things that we liked about working with Ryan was that he was a little different than other Realtors that we had used before. He had a business process that he laid out, and he talked about all of the issues about where we wanted to go. As you can see behind us is our new townhouse. Because not only did he sell our house but he wanted to know what we were going to do for the rest of our lives and the townhouse was part of that plan!"

Sarah T.

“Well I'm down sizing, I wanted to get rid of the yard so that I didn’t have to shovel snow anymore. It was very difficult to find a place and bid on it quickly. But Ryan and his Anderson group move fast. We looked at this home on a Thursday and began negotiating. On Friday I climbed a Fourteener, I was on Greys Peak. Every time I was able to get signal on my phone I would get a text from Ryan to update me on where we were in the negotiation. I kept climbing the mountain and getting texts and by the time I came back down, I had a text that said I needed to stop at a place that I could get signal long enough to sign the contract. With my finger on my phone to sign the contract, I had a house by the end of the day after climbing a Fourteener! It's been great. The "get things done now" process was exactly what I needed. Ryan knew what I needed, because Ryan and Tessa sat down with me for a couple of hours and actually got to know my wants and needs. With that I have exactly what I want, I've downsized and I have time to play and it's because of the team... the whole team!”

Donna & Art

"He was wonderful! Great ideas and even helped staged our rooms one afternoon. We sold in 10 days! What a work horse. Will use him again and again."

David K.

"Ryan was amazing. He made every effort to make sure I got the right house for me. Always had numerous showings set up and was very efficient with my time. What I thought would take 2-3 months to find the perfect house he found in 3 weeks."

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