First Integrity Title Market Report

Broomfield, CO

Condos/Townhomes

www.FirstIntegrityTitle.com | 303.837.9171



Broomfield, CO

Mon Apr 22 2019
This week the median list price for Broomfield, CO is $359,000 with the market action index hovering around 56. This is about the same as last month's market action index of 56. Inventory has held steady at or around 23. Click here to stay informed with the Broomfield market!

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

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Broomfield, CO

Mon Apr 22 2019
This week the median list price for Broomfield, CO is $359,000 with the market action index hovering around 56. This is about the same as last month's market action index of 56. Inventory has held steady at or around 23. Click here to stay informed with the Broomfield market!

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

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 Broomfield market.
Median List Price $359,000
Per Square Foot $249
Days on Market 28
Price Decreased 43%
Price Increased 4%
Relisted 13%
Inventory 23
Median Apartment Rent $1,614
Most Expensive $767,000
Least Expensive $274,900
Market Action Index
Strong Seller's Market
56

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
$465,000 2,359 6,500 - 8,000 sqft 3 2 12 4 2 2
$407,000 1,650 0 - 4,500 sqft 2 2 9 1 1 36
$345,950 1,306 - 2 2 17 2 1 50
$284,925 1,134 - 2 1 28 3 0 21