First Integrity Title Market Report
Ward, CO
Single-Family Homes
www.FirstIntegrityTitle.com | 303.837.9171
Ward, CO
Mon Apr 22 2019
This week the median list price for Ward, CO is $674,000 with the market action index hovering around 24. This is an increase over last month's market action index of 21. Inventory has held steady at or around 6.
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 |
Slight Buyer's Advantage
The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.
Real-Time Market Profile
| Median List Price | $674,000 | |
| Per Square Foot | $235 | |
| Days on Market | 141 | |
| Price Decreased | 0% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 6 | |
| Median House Rent | ||
| Most Expensive | $1,900,000 | |
| Least Expensive | $369,000 | |
| Market Action Index Slight Buyer's Advantage | 24 |
Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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 |
|---|---|---|---|---|---|---|---|---|
| $1,900,000 | 3,009 | N/A | 4 | 5 | 8 | 0 | 0 | 196 |
| $768,000 | 3,108 | 0.5 - 1 acre | 3 | 3 | 15 | 0 | 0 | 553 |
| $674,000 | 3,093 | 5 - 10 acres | 3 | 3 | 49 | 0 | 0 | 42 |
| $417,000 | 1,769 | 0.5 - 1 acre | 3 | 1 | 21 | 1 | 0 | 7 |