Westminster Monthly Market Update – Single Family Homes

Westminster Single Family Homes (Detached)

Information provided by IRES and Metrolist Information Services.

 

WESTMINSTER SINGLE FAMILY HOMES 2018 YTD 2019 % Change
Total Units Sold 1364 84
Average Sales Price $436,636 $426,309 +2.3%
Median Sales Price $392,000 $386,600 +1.5%
Average Days to Contract 24 21 +29%

 

(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                 57% 49% 55% 62% 64%
$500K – $750k                 41% 41% 38% 31% 39%
ABOVE + $750k                 29% 21% 32% 30% 22%
OVERALL % U/C                 52% 45% 49% 53% 53%

 

(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’
                  296 269 219 167 154

 

(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’
                  94 117 101 92 82

 

(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’
                    2.54 2.11 1.65 1.58