First American Market Report

Longmont, CO

Condos/Townhomes

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Longmont, CO

Sat Jul 11 2020
This week the median list price for Longmont, CO is $369,900 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has held steady at or around 59. Click here to stay informed with the Longmont market!

Market Action Index

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

Slight Seller's Advantage

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.

Longmont, CO

Sat Jul 11 2020
This week the median list price for Longmont, CO is $369,900 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has held steady at or around 59. Click here to stay informed with the Longmont market!

Market Action Index

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

Slight Seller's Advantage

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 Longmont market.
Median List Price $369,900
Per Square Foot $237
Days on Market 48
Price Decreased 24%
Price Increased 8%
Relisted 19%
Inventory 59
Median Rent $1,500
Most Expensive $820,000
Least Expensive $219,000
Market Action 39
Slight Seller's Advantage

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$625,000 2,496 0 - 4,500 sqft 3 2 3 2 0 53
$419,900 1,539 0 - 4,500 sqft 3 2 14 1 4 46
$339,000 1,242 4,500 - 6,500 sqft 2 2 19 2 3 58
$285,000 1,463 0 - 4,500 sqft 2 2 20 2 1 35