Great NoCo Homes Market Update

Severance, CO

Single-Family Homes

Doug Lindstrom | www.GreatNoCoHomes.com



Severance, CO

Sat Feb 04 2023
This week the median list price for Severance, CO is $499,000 with the market action index hovering around 43. This is an increase over last month's market action index of 39. Inventory has decreased to 18. 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.

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Severance, CO

Sat Feb 04 2023
This week the median list price for Severance, CO is $499,000 with the market action index hovering around 43. This is an increase over last month's market action index of 39. Inventory has decreased to 18. 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.

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Severance market.
Median List Price $499,000
Median Price of New Listings $475,000
Per Square Foot $193
Average Days on Market 56
Median Days on Market 14
Price Decreased 33%
Price Increased 11%
Relisted 39%
Inventory 18
Median Rent
Market Action 43
Slight Seller's Advantage

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
$695,900 3,640 8,000 - 10,000 sqft 3 3.3 2 0 0 45
$527,500 2,886 6,500 - 8,000 sqft 4 2.8 2 0 1 21
$495,000 2,576 6,500 - 8,000 sqft 4 3 3 0 1 7
$475,000 2,156 6,500 - 8,000 sqft 4 2.5 1 1 0 14