First American Market Report

Erie, CO

Condos/Townhomes

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Erie, CO

Sun Jul 12 2020
This week the median list price for Erie, CO is $354,900 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has held steady at or around 21. Click here to stay informed with the Erie market!

Market Action Index

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

Slight Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Erie, CO

Sun Jul 12 2020
This week the median list price for Erie, CO is $354,900 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has held steady at or around 21. Click here to stay informed with the Erie market!

Market Action Index

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

Slight Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Erie market.
Median List Price $354,900
Per Square Foot $237
Days on Market 77
Price Decreased 24%
Price Increased 0%
Relisted 0%
Inventory 21
Median Rent $1,999
Most Expensive $1,175,000
Least Expensive $289,000
Market Action 29
Slight Buyer'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
$880,000 2,102 0 - 4,500 sqft 3 3 18 0 1 88
$356,850 1,883 0 - 4,500 sqft 3 2 1 0 0 138
$352,900 2,037 0 - 4,500 sqft 3 2 2 0 1 70
$296,000 1,214 - 2 2 14 0 1 23