Longmont

January 2019 Real Estate Market Report for Longmont

mikejgold Real Estate Market Reports Leave a Comment

How is the real estate market in Longmont?

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

Longmont Colorado Real Estate

Single Family Homes

This week the median list price for Longmont, CO is $499,000 with the market action index hovering around 32. This is less than last month’s market action index of 33. Inventory has held steady at or around 330.

Market Action Index 32

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 Longmont, CO is $346,900 with the market action index hovering around 31. This is about the same as last month’s market action index of 31. Inventory has held steady at or around 77.

Market Action Index 31

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.

For todays report on these metrics click here!

Year to Year

Jan-18 Jan-19 % change
Average Sold Price US$ 445,800 US$ 465,469 4%
New Listings 60 77 22%
Active Listings 94 142 34%
Under Contract 73 72 -1%
Sold Listings 56 52 -8%
Days on Market 41 38 -8%
Months Supply of Inventory 1.10 1.50 27%
Average Percent of Original List Price 98.60% 96.90% -2%
Avg. Price Per Tot Sq Ft 183 177 -3%

Month to Month

Dec-18 Jan-19 % change
Average Sold Price US$ 501,289 US$ 465,469 -8%
New Listings 45 77 42%
Active Listings 140 142 1%
Under Contract 81 72 -13%
Sold Listings 84 52 -62%
Days on Market 50 38 -32%
Months Supply of Inventory 1.50 1.50 0%
Average Percent of Original List Price 99.20% 96.90% -2%
Avg. Price Per Tot Sq Ft 197 177 -11%









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mikejgold