Longmont Monthly Market Update – Single Family Homes

City of Longmont Single Family Homes (Detached)

Information provided by IRES and Metrolist Information Services.

(Rolling 12-Month Comparison)

LONGMONT SINGLE FAMILY HOMES 2017 YTD 2018 % Change
Total Units Sold 1155 398
Average Sales Price $422,192 $449,223 +6.4%
Median Sales Price $391,000 $424,000 +8.4%
Average Days to Contract 25 32 +28%

(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               66% 73% 74% 76% 71% 67%
$500-$750K               47% 54% 47% 53% 44% 41%
$750K – $1MM               43% 36% 56% 14% 28% 24%
$1MM +               18% 27% 33% 30% 53% 71%
OVERALL % U/C               56% 62% 64% 63% 60% 56%

 

(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’
LONGMONT 321 342 345 303 298 280 227 170 171 184 190 240 280

 

(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’
May 18’LONGMONT 114 127 95 127 80 96 95 92 57 56 79 61 91

 

(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’
LONGMONT               1.74 1.87 2.32 2.4 3.36 3.95