Centennial Monthly Market Update – Single Family Homes

Centennial Single-Family Homes (Detached)

Information provided by IRES and Metrolist Information Services.

 

(Single Family Homes – % Under Contract)

SINGLE FAMILY HOMES Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’ Nov

18’

Dec 18’
UNDER $500k                   42% 48% 58% 61%
$500K – $750k                   33% 32% 42% 40%
$750k-$1MM                   26% 23% 47% 29%
$1mm+                   19% 20% 0% 25%
OVERALL % U/C                   35% 39% 49% 48%

 

(Single Family Homes – Inventory)

SINGLE FAMILY HOMES Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’ Nov

18’

Dec 18’
                    337 316 285 204

 

(Single Family Homes – # Sold)

SINGLE FAMILY HOMES Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’ Nov

18’

Dec 18’
                    90 99 93 109

 

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

SINGLE FAMILY HOMES Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’ Nov

18’

Dec 18’
                    3.74 3.43 3.03 2.09

 

 

CENTENNIAL SINGLE FAMILY HOMES 2017 YTD 2018 % Change
Total Units Sold 1692 1456 -13.95%
Average Sales Price $476,198 $506,185 +6.3%
Median Sales Price $435,000 $465,000 +6.9%
Average Days to Contract 24 22 -8.3%