First Integrity Title Market Report

Centennial, CO

Condos/Townhomes

www.FirstIntegrityTitle.com | 303.837.9171



Centennial, CO

Wed Jun 26 2019
This week the median list price for Centennial, CO is $394,975 with the market action index hovering around 60. This is less than last month's market action index of 64. Inventory has held steady at or around 42. Click here to stay informed with the Centennial market!

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

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Centennial, CO

Wed Jun 26 2019
This week the median list price for Centennial, CO is $394,975 with the market action index hovering around 60. This is less than last month's market action index of 64. Inventory has held steady at or around 42. Click here to stay informed with the Centennial market!

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

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Centennial market.
Median List Price $394,975
Per Square Foot $201
Days on Market 60
Price Decreased 50%
Price Increased 10%
Relisted 7%
Inventory 42
Median Apartment Rent $1,725
Most Expensive $625,000
Least Expensive $195,000
Market Action Index
Strong Seller's Market
60

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate significantly from here.

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
$490,000 2,696 0 - 4,500 sqft 3 3 29 1 1 35
$429,700 1,816 0 - 4,500 sqft 3 2 11 2 2 125
$365,000 1,820 0 - 4,500 sqft 3 2 36 4 2 43
$257,000 1,344 0 - 4,500 sqft 2 1 44 4 4 39