Great NoCo Homes Market Update

Severance, CO

Single-Family Homes

Doug Lindstrom | www.GreatNoCoHomes.com



Severance, CO

Thu Jan 20 2022
This week the median list price for Severance, CO is $499,995 with the market action index hovering around 62. This is less than last month's market action index of 63. Inventory has decreased to 9. Click here to stay informed with the Severance market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

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.

Severance, CO

Thu Jan 20 2022
This week the median list price for Severance, CO is $499,995 with the market action index hovering around 62. This is less than last month's market action index of 63. Inventory has decreased to 9. Click here to stay informed with the Severance market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

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 Severance market.
Median List Price $499,995
Median Price of New Listings $0
Per Square Foot $206
Average Days on Market 58
Median Days on Market 49
Price Decreased 0%
Price Increased 89%
Relisted 11%
Inventory 9
Median Rent $1,995
Market Action 62
Strong Seller's Market

The market seems to have paused around this plateau. 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
$583,341 3,253 6,500 - 8,000 sqft 3 2.5 0 0 1 38
$517,088 1,926 8,000 - 10,000 sqft 3 2.3 0 0 3 87
$497,317 1,952 6,500 - 8,000 sqft 3 2.5 0 0 1 38
$474,900 2,415 4,500 - 6,500 sqft 4 3 1 0 4 49