Lafayette CO Home Values September 2015

For one month there it seemed like the market took a little stumble. That numbers show this because only two single family homes closed in September 2015 throughout the Lafayette Community of Indian Peaks and the surrounding neighborhoods.

However, the market seems to have caught up with itself with 56% of the available inventory under contract and scheduled for closing. That leaves only 17% of the entire market (single family and townhouses) active and available for purchase.

The lag in the market didn’t have time to be reflected in the absorption rate as under contract property is keeping the number of available homes low. That is helping the absorption rate dip even lower than last month with just .41 months of inventory available. Remembering that the National Association of REALTORS says that a balanced market has 4-6 months of inventory. A balanced market is when neither the Buyer nor the Seller have a competitive advantage.

So despite a minor hiccup, it would appear that we are solidly moving forward with sales throughout Indian Peaks, Anna’s Farm and the open space community of Lark Meadows.