Commerce City Monthly Market Update – Single Family Homes

Commerce City Single Family Homes (Detached)

Information provided by IRES and Metrolist Information Services.

 

COMMERCE CITY SINGLE FAMILY HOMES 2018 YTD 2019 % Change
Total Units Sold 1022 75
Average Sales Price $366,997 $376,649 +2.65%
Median Sales Price $370,000 $375,000 +1.35%
Average Days to Contract 31 49 +58%

 

(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                 40% 40% 32% 47% 49%
$500K AND ABOVE                 16% 25% 16% 14% 19%
OVERALL % U/C                 38% 39% 39% 44% 47%

 

(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’
                  288 283 268 234 243

 

(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’
                  83 78 71 79 74

 

(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’
                  3.46 3.52 3.47 3.0 3.16