Business

The Biggest Signs Colorado Housing Market Is Coming Back to Earth

The Biggest Signs Colorado Housing Market Is Coming Back to Earth
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SINGLE FAMILY MARKET OVERVIEW

New Listings:

September 2017: 8,639
September 2018: 8,915
Percentage change: +3.2 percent

Pending/Under Contract:


September 2017: 7,263
September 2018: 7,301
Percentage change: +0.5 percent

Sold Listings:

September 2017: 7,891
September 2018: 6,740
Percentage change: -14.6 percent

Median Sale Price:

September 2017: $355,000
September 2018: $375,000
Percentage change: +5.6 percent

Average Sales Price:

September 2017: $426,314
September 2018: $456,772
Percentage change: +7.1 percent

Percent of List Price Received:

September 2017: 98.9 percent
September 2018: 98.8 percent
Percentage change: -0.1 percent

Days on Market Unit Sale:

September 2017: 46
September 2018: 45
Percentage change: -2.2 percent

TOWNHOUSE-CONDO MARKET OVERVIEW

New Listings:

September 2017: 2,702
September 2018: 2,581
Percentage change: -4.5 percent

Pending/Under Contract:

September 2017: 2,394
September 2018: 2,308
Percentage change: -3.6 percent

Sold Listings:

September 2017: 2,478
September 2018: 2,102
Percentage change: -15.2 percent

Median Sale Price:

September 2017: $271,550
September 2018: $305,000
Percentage change: +12.3 percent

Average Sales Price:

September 2017: $366,754
September 2018: $392,078
Percentage change: +6.9 percent

Percent of List Price Received:

September 2017: 99.3 percent
September 2018: 99.1 percent
Percentage change: -0.2 percent

Days on Market Unit Sale:

September 2017: 44
September 2018: 39
Percentage change: -11.4 percent

MONTHS SUPPLY OF INVENTORY

September 2018

Single family: 2.6
Percentage change from prior year: -10.3 percent
Percentage change from prior month: -3.7 percent

Townhouse-Condo: 2.2
Percentage change from prior year: -8.3 percent
Percentage change from prior month: -4.3 percent

ACTIVE LISTINGS

September 2018

Single family: 19,390
Percentage change from prior year: -9.2 percent
Percentage change from prior month: -3.9 percent

Townhouse-Condo: 5,005
Percentage change from prior year: -8.4 percent
Percentage change from prior month: -6.6 percent
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Michael Roberts has written for Westword since October 1990, serving stints as music editor and media columnist. He currently covers everything from breaking news and politics to sports and stories that defy categorization.
Contact: Michael Roberts