Market Report
Silt, CO 81652
Single-Family Homes
www.titlecorockies.com
Silt, CO 81652
Mon Nov 23 2020
This week the median list price for Silt, CO 81652 is $540,000 with the market action index hovering around 45. This is an increase over last month's market action index of 43. Inventory has held steady at or around 15.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.
Real-Time Market Profile
| Median List Price | $540,000 | |
| Per Square Foot | $249 | |
| Days on Market | 142 | |
| Price Decreased | 47% | |
| Price Increased | 0% | |
| Relisted | 7% | |
| Inventory | 15 | |
| Median Rent | ||
| Most Expensive | $1,750,000 | |
| Least Expensive | $263,000 | |
| Market Action | 45 | |
| Strong Seller's Market | ||
Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $1,250,000 | 2,508 | N/A | 4 | 3 | 15 | 0 | 0 | 473 |
| $614,450 | 2,958 | 10 - 20 acres | 3 | 3 | 23 | 0 | 1 | 64 |
| $530,000 | 2,256 | 5 - 10 acres | 3 | 2 | 19 | 1 | 0 | 54 |
| $467,000 | 1,512 | 1 - 2.5 acres | 3 | 2 | 23 | 1 | 1 | 57 |