Louisville and Superior

February 2019 Real Estate Market Report for Louisville

mikejgold Real Estate Market Reports Leave a Comment

In this post and video I will outline the fundamentals of the Louisville Colorado real estate market by reviewing demand (sold and under contract listings) and supply levels (active and new listings) within the city of Louisville for the month of January 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!

Louisville Colorado Real Estate Single Family Homes

This week the median list price for Louisville, CO is $728,500 with the market action index hovering around 42. This is less than last month’s market action index of 44. Inventory has held steady at or around 34.

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 is 42 which shows a Slight Seller’s Advantage

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

This week the median list price for Louisville, CO is $429,900 with the market action index hovering around 34. This is an increase over last month’s market action index of 27. Inventory has held steady at or around 18. Click here to stay informed with the Louisville 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’s number is 34 which is a Slight Seller’s Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Year to Year Month to Month
Feb-18 Feb-19 % change Jan-19 Feb-19 % change
New Listings 20 24 17% New Listings 34 24 -42%
Homes for Sale 23 39 41% Homes for Sale 39 39 0%
Under Contract 17 20 15% Under Contract 25 20 -25%
Closed Sales 13 18 28% Closed Sales 17 18 6%
Average Days on Market 60 55 -9% Average Days on Market 38 55 31%
Months Supply of Inventory 1.4 2 30% Months Supply of Inventory 1.6 2 20%
Average Sale Price  $  597,047  $  665,895 10% Average Sale Price  $  519,151 $648,138 20%
Average Percent of Original List Price 99.70% 99.60% 0% Average Percent of Original List Price 99.50% 99.60% 0%
Avg. Price Per Tot Sq Ft 280 278 -1% Avg. Price Per Tot Sq Ft 362 278 -30%









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mikejgold