Longmont Monthly Market Update – Single Family Homes

City of Longmont Single Family Homes (Detached)

Information provided by IRES and Metrolist Information Services.

YTD Comparison:

LONGMONT SINGLE FAMILY HOMES 2017 YTD 2018 % Change
Total Units Sold 1155 1044
Average Sales Price $422,192 $459,451 +9%
Median Sales Price $391,000 $462,950 +18%
Average Days to Contract 25 26 +4%

(Single Family Homes – % Under Contract)

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

18’

UNDER $500K   66% 73% 74% 76% 71% 67% 67% 66% 62% 50% 54% 45%
$500-$750K   47% 54% 47% 53% 44% 41% 33% 41% 35% 35% 43% 30%
$750K – $1MM   43% 36% 56% 14% 28% 24% 52% 44% 53% 33% 50% 55%
$1MM +   18% 27% 33% 30% 53% 71% 67% 56% 29% 14% 0% 30%
OVERALL % U/C   56% 62% 64% 63% 60% 56% 54% 54% 52% 43% 50% 40%

 

(Single Family Homes – Inventory)

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

18’

  227 170 171 184 190 240 280 298 283 264 275 290 225

 

(Single Family Homes – # Sold)

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

18’

  95 92 57 56 79 61 91 116 107 136 83 78 95

 

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

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

18’

    1.74 1.87 2.32 2.4 3.36 3.95 3.88 3.32 2.68 3.02 2.8 2.19