First Integrity Title Market Report
Franktown, CO
Single-Family Homes
www.FirstIntegrityTitle.com | 303.837.9171
Franktown, CO
Mon Apr 22 2019
This week the median list price for Franktown, CO is $879,900 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has held steady at or around 23.
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
In the last few weeks, 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 | $879,900 | |
| Per Square Foot | $206 | |
| Days on Market | 124 | |
| Price Decreased | 22% | |
| Price Increased | 17% | |
| Relisted | 9% | |
| Inventory | 23 | |
| Median House Rent | ||
| Most Expensive | $2,795,000 | |
| Least Expensive | $599,900 | |
| Market Action Index Slight Seller's Advantage | 32 |
Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,100,000 | 8,768 | N/A | 5 | 6 | 25 | 0 | 0 | 168 |
| $981,941 | 5,331 | 2.5 - 5 acres | 5 | 4 | 11 | 1 | 0 | 212 |
| $862,000 | 4,629 | 5 - 10 acres | 5 | 3 | 41 | 1 | 1 | 86 |
| $653,000 | 3,736 | 5 - 10 acres | 4 | 3 | 34 | 1 | 1 | 37 |