First Integrity Title Market Report

Broomfield, CO

Condos/Townhomes

www.FirstIntegrityTitle.com | 303.837.9171



Broomfield, CO

Tue Jun 25 2019
This week the median list price for Broomfield, CO is $399,000 with the market action index hovering around 61. This is less than last month's market action index of 64. Inventory has held steady at or around 27. 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 started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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

Tue Jun 25 2019
This week the median list price for Broomfield, CO is $399,000 with the market action index hovering around 61. This is less than last month's market action index of 64. Inventory has held steady at or around 27. 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 started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 $399,000
Per Square Foot $261
Days on Market 31
Price Decreased 41%
Price Increased 0%
Relisted 11%
Inventory 27
Median Apartment Rent $1,670
Most Expensive $449,500
Least Expensive $285,000
Market Action Index
Strong Seller's Market
61

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
$445,000 2,337 0 - 4,500 sqft 3 2 6 0 1 28
$405,000 2,210 0 - 4,500 sqft 2 2 12 2 1 19
$380,000 1,438 0 - 4,500 sqft 2 2 12 1 3 35
$299,995 977 - 1 1 12 1 0 43