How is the real estate market in Frederick?
In this post and video I will outline the fundamentals of the Frederick Colorado real estate market by reviewing demand (sold and under contract listings) and supply levels (active and new listings) within the city of Frederick for the month of February 2019 as well as review where the market has been via lagging indicators (sales price), and current market health with month’s supply of inventory, days on market and list to sales price ratio.
Oh, by the way, do not forget to check out how the overall metro Denver Real Estate market is doing by clicking here!
Year to Year
|Average Sold Price||US$ 364,440||US$ 367,152||1%|
|Days on Market||27||63||57%|
|Months Supply of Inventory||0.90||2.20||59%|
|Average Percent of Original List Price||100.5%||99.10%||-1%|
|Avg. Price Per Tot Sq Ft||150||155||3%|
Month to Month
|Average Sold Price||US$ 340,877||US$ 367,152||7%|
|Days on Market||31||63||51%|
|Months Supply of Inventory||1.60||2.20||27%|
|Average Percent of Original List Price||98.1%||99.10%||1%|
|Avg. Price Per Tot Sq Ft||190||155||-23%|
Frederick Colorado Real Estate
Single Family Homes
This week the median list price for Frederick, CO 80530 is $370,000 with the market action index hovering around 36. This is an increase over last month’s market action index of 35. Inventory has held steady at or around 26.
Market Action Index 36
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. 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.
Attached Dwellings (Townhome and Condos)
This week the median list price for Frederick, CO 80530 is $500,000 with the market action index hovering around 56. This is an increase over last month’s market action index of 42. Inventory has held steady at or around 1.
Market Action Index 56
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.
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
For today’s report on these metrics click here!
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For Frederick home buyers you can view homes for sale on the MLS with our property search tool.