January 2019 Real Estate Market Report for Westminster

mikejgold Real Estate Market Reports Leave a Comment

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%

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