Front Range Mountains Monthly Market Update – Single Family Homes

Front Range – All County Overview – Single Family Homes (Detached)

(Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas, Jefferson, Larimer, Weld)

Information provided by IRES and Metrolist Information Services.

YTD Comparison:

Single Family 2018 YTD 2019 % Change
Total Units Sold 43,792 2261
Average Sales Price $513,921 $497,645 -3.1%
Median Sales Price $435,000 $423,300 -2.7%
Average Days to Contract 34 50 +4.7%

(Attached Dwelling – % 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                 45% 44% 51% 51% 54%
$500-$750K                 33% 34% 39% 37% 41%
$750K – $1MM                 29% 32% 30% 29% 34%
$1MM – $1.5MM                 23% 26% 25% 24% 29%
$1.5MM+                 16% 14% 16% 15% 16%
OVERALL % U/C                 38% 38% 43% 42% 46%

 

(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’
                  11679 11250 8487 7670 8443

 

(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’
                  2946 3363 2899 2935 2175

 

(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’ Aug18’ Sep 18’ Oct 18’ Nov

18’

Dec 18’ Jan 19’
                  3.96 3.57 2.76 2.52 2.94