How is the real estate market in Westminster? In the video above I will outline the fundamentals of the Westminster real estate market by reviewing demand (sold and under contract listings) and supply levels (active and new listings) within the city of Westminster 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 months 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||Month to Month|
|Jan-18||Jan-19||% change||Dec-18||Jan-19||% change|
|Average Sold Price||$ 365,868||$ 393,915||7%||Average Sold Price||$ 392,678||$ 393,915||0%|
|New Listings||138||153||10%||New Listings||70||153||54%|
|Active Listings||83||108||23%||Active Listings||108||108||0%|
|Under Contract||141||136||-4%||Under Contract||120||136||12%|
|Sold Listings||110||115||4%||Sold Listings||119||115||-3%|
|Days on Market||19||27||30%||Days on Market||29||27||-7%|
|Months Supply of Inventory||0.50||0.70||29%||Months Supply of Inventory||1||0.70||0%|
|Average Percent of Original List Price||100.10%||98.20%||-2%||Average Percent of Original List Price||99.00%||98.20%||-1%|
|Avg. Price Per Tot Sq Ft||168||175||4%||Avg. Price Per Tot Sq Ft||184||175||-5%|