Broomfield Monthly Market Update – Single Family Homes

City of Broomfield Single Family Homes (Detached)

Information provided by IRES and Metrolist Information Services.

(Rolling 12-Month Comparison)

BROOMFIELD SINGLE-FAMILY HOMES 2017 YTD 2018 % Change
Total Units Sold 963 338
Average Sales Price $507,196 $552,577 +8.9%
Median Sales Price $459,366 $497,215 +8.2%
Average Days to Contract 36 34 -5%

 

(Single Family Homes – % Under Contract)

SINGLE FAMILY HOMES May 17’ Jun 17’ Jul 17’ Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’
UNDER $500K                 85% 78% 78% 70% 67%
$500k+                 41% 48% 50% 48% 49%
OVERALL % U/C                 49% 58% 59% 55% 55%

 

(Single Family Homes – Inventory)

SINGLE FAMILY HOMES May 17’ Jun 17’ Jul 17’ Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’
BROOMFIELD 272 268 277 245 235 207 188   142 180 196 159 259

 

(Single Family Homes – # Sold)

SINGLE FAMILY HOMES May 17’ Jun 17’ Jul 17’ Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’
BROOMFIELD 106 95 66 104 74 73 71   45 33 68 33 99

 

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

SINGLE FAMILY HOMES May 17’ Jun 17’ Jul 17’ Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’
BROOMFIELD                 3.57 3.04 3.37 5.4 4.6