Market Report
Silt, CO 81652
Single-Family Homes
www.titlecorockies.com
Silt, CO 81652
Mon May 20 2019
This week the median list price for Silt, CO 81652 is $537,000 with the market action index hovering around 44. This is an increase over last month's market action index of 39. Inventory has held steady at or around 20.
Market Action Index
The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.
| Today |
| Last Month |
Slight Seller's Advantage
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Real-Time Market Profile
| Median List Price | $537,000 | |
| Per Square Foot | $221 | |
| Days on Market | 183 | |
| Price Decreased | 25% | |
| Price Increased | 0% | |
| Relisted | 5% | |
| Inventory | 20 | |
| Median House Rent | ||
| Most Expensive | $3,100,000 | |
| Least Expensive | $220,000 | |
| Market Action Index Slight Seller's Advantage | 44 |
Prices in this zip code hit another all time high this week. You can see that prices continue to march higher. Look for a persistent downtrend in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength finally abating.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,600,000 | 3,228 | N/A | 4 | 3 | 20 | 0 | 0 | 462 |
| $599,000 | 2,432 | 10 - 20 acres | 3 | 2 | 23 | 2 | 1 | 119 |
| $425,000 | 2,112 | 2.5 - 5 acres | 4 | 3 | 21 | 1 | 0 | 113 |
| $299,000 | 1,512 | 8,000 - 10,000 sqft | 3 | 2 | 26 | 3 | 1 | 39 |