Broomfield Monthly Market Update – Single Family Homes

Broomfield City and County Single Family Homes (Detached)

Information provided by IRES and Metrolist Information Services.

BROOMFIELD SINGLE-FAMILY HOMES 2017 YTD 2018 % Change
Total Units Sold 963 798
Average Sales Price $507,196 $544,146 +7.3%
Median Sales Price $459,366 $495,000 +7.8%
Average Days to Contract 36 35 -2.8%

 

(Single Family Homes – % Under Contract)

SINGLE FAMILY HOMES Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’
UNDER $500K       85% 78% 78% 70% 67% 60% 51% 60% 55% 55%
$500k+       41% 48% 50% 48% 49% 39% 36% 36% 33% 31%
OVERALL % U/C       49% 58% 59% 55% 55% 47% 42% 47% 45% 42%

 

(Single Family Homes – Inventory)

SINGLE FAMILY HOMES Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’
  207 188   142 180 196 159 259 238 228 242 255 253

 

(Single Family Homes – # Sold)

SINGLE FAMILY HOMES Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’
  73 71   45 33 68 33 99 110 87 69 69 82

 

(Single Family Homes – Absorption Rate in Months) Based off 6-month sales average

SINGLE FAMILY HOMES Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’
        3.57 3.04 3.37 5.4 4.6 3.68 3.18 3.11 3.69 2.94