Great NoCo Homes Market Update

Severance, CO

Single-Family Homes

Doug Lindstrom | www.GreatNoCoHomes.com



Severance, CO

Fri May 27 2022
This week the median list price for Severance, CO is $538,889 with the market action index hovering around 82. This is less than last month's market action index of 86. Inventory has increased to 16. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Severance, CO

Fri May 27 2022
This week the median list price for Severance, CO is $538,889 with the market action index hovering around 82. This is less than last month's market action index of 86. Inventory has increased to 16. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Severance market.
Median List Price $538,889
Median Price of New Listings $499,900
Per Square Foot $196
Average Days on Market 21
Median Days on Market 11
Price Decreased 6%
Price Increased 19%
Relisted 0%
Inventory 16
Median Rent
Market Action 82
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
$597,500 3,146 6,500 - 8,000 sqft 3 2.5 2 1 0 14
$557,905 2,425 6,500 - 8,000 sqft 4 2.8 0 1 0 17
$513,500 2,310 4,500 - 6,500 sqft 3 2.8 1 1 0 21
$490,000 2,813 8,000 - 10,000 sqft 3 2.5 16 4 2 0