arapahoe county
Arapahoe County has a rich, vibrant history and the distinction of being Colorado's first county. Named for the Arapaho Indians, who along with the Cheyenne Indians occupied most of Colorado when it was only a territory, it spans 805 square miles and is a land of contrast. The western part of the county is mostly urban with residential, retail, office and industrial areas, while the eastern portion is relatively rural.
Arapahoe County covers 805 square miles in north central Colorado, running east across the high plains from the southern edge of Denver. It is named for the Arapaho, who once inhabited the area. One of the oldest counties in the state, Arapahoe County is bordered on the north by Denver and Adams Counties, on the west by Jefferson County, on the east by Washington County, and on the south by Douglas and Elbert Counties. With a population of more than 572,000, it is the third-most populous county in the state. Most of the county’s inhabitants live in the south Denver metro area, in the communities of Aurora, Englewood, and Littleton; the eastern part of the county consists mainly of farms, ranches, and smaller towns such as Byers and Bennett.
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LAST MONTH’S DATA COMPARED TO PREVIOUS TWO YEARS
The industry considers Median Sales Price a more accurate look at home prices than average because it eliminates the outliers that can skew data.
Low inventory (new & active listings) can lead to a sellers market, especially if pending & sold listings are up. The opposite, high inventory and low sales will lead to a buyers market.
Months of inventory reflects an estimate of the amount of time it would take to sell all of the current listings in a given area. Six months is considered a ‘balanced’ market. Anything under 6 months is considered a sellers market and anything above is a buyers market.