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 772
Average Sales Price $422,192 $466,939 +10.6%
Median Sales Price $391,000 $435,000 +11.2%
Average Days to Contract 25 26 +4%

 

(Single Family Homes – % Under Contract)

SINGLE FAMILY HOMES Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’
UNDER $500K         66% 73% 74% 76% 71% 67% 67% 66% 62%
$500-$750K         47% 54% 47% 53% 44% 41% 33% 41% 35%
$750K – $1MM         43% 36% 56% 14% 28% 24% 52% 44% 53%
$1MM +         18% 27% 33% 30% 53% 71% 67% 56% 29%
OVERALL % U/C         56% 62% 64% 63% 60% 56% 54% 54% 52%

 

(Single Family Homes – Inventory)

SINGLE FAMILY HOMES Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’
LONGMONT 303 298 280 227 170 171 184 190 240 280 298 283 264

 

(Single Family Homes – # Sold)

SINGLE FAMILY HOMES Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’
May 18’LONGMONT 127 80 96 95 92 57 56 79 61 91 116 107 136

 

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

SINGLE FAMILY HOMES Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18/ May 18’ Jun 18’ Jul 18’ Aug 18’
LONGMONT         1.74 1.87 2.32 2.4 3.36 3.95 3.88 3.32 2.68