Centennial Monthly Market Update – Single Family Homes

Centennial Single-Family Homes (Detached)

Information provided by IRES and Metrolist Information Services.

CENTENNIAL SINGLE FAMILY HOMES 2018 YTD 2019 % Change
Total Units Sold 1456 72 Insufficient YTD Data
Average Sales Price $506,185 $499,349 -1.3%
Median Sales Price $465,000 $442,000 -4.9%
Average Days to Contract 22 50 +127%

 

(Single Family Homes – % Under Contract)

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

18’

Dec 18’ Jan 19’
UNDER $500k                 42% 48% 58% 61% 57%
$500K – $750k                 33% 32% 42% 40% 44%
$750k-$1MM                 26% 23% 47% 29% 39%
$1mm+                 19% 20% 0% 25% 20%
OVERALL % U/C                 35% 39% 49% 48% 48%

 

(Single Family Homes – Inventory)

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

18’

Dec 18’ Jan 19’
                  337 316 285 204 248

 

(Single Family Homes – # Sold)

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

18’

Dec 18’ Jan 19’
                  90 99 93 109 72

 

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

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

18’

Dec 18’ Jan 19’
                  3.74 3.43 3.03 2.09 2.67