Westminster Monthly Market Update – Single Family Homes

Westminster 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 57% 49% 55% 62%
$500K – $750k 41% 41% 38% 31%
ABOVE + $750k 29% 21% 32% 30%
OVERALL % U/C 52% 45% 49% 53%

 

(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’
  296 269 219 167

 

(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’
94 117 101 92

 

(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’
  2.54 2.11 1.65

 

 

WESTMINSTER SINGLE FAMILY HOMES 2017 YTD 2018 % Change
Total Units Sold 1527 1364 -10.7%
Average Sales Price $388,338 $436,636 +12.5%
Median Sales Price $365,150 $392,000 +9.7%
Average Days to Contract 30 24 -20%