Broomfield Real Estate Activity for February

Residential activity for Broomfield Real Estate for February 2008 according to Metrolist statistics:

$319,984 average “sold price” (single family homes)(44 sold)

$214,763 average “sold price” (condominium)

Average Days On Market (single family homes): 94

Average Days On Market (condominium): 247

Compare these numbers to January 2008:

$353,466 average “sold price” (single family homes)(37 sold)

$186,496 average “sold price” (condominium)

Average Days On Market (single family homes): 135

Average Days On Market (condominium): 166

Compare the February 2008 numbers to the February 2007 numbers:

Single family homes, Feb. 2007, average “sold” price: $343,020 (51 sold)

Single family homes, Feb. 2007, average Days On Market: 112

Condominium, Feb. 2007, average “sold” price: $175,700

Condominium, Feb. 2007, average Days On Market: 191

The National Association of Realtors had this to say this week on the state of the real estate market:

The volume of existing-home sales is expected to hold steady through late spring, with a gradual recovery during the second half of the year as the mortgage situation improves in high-cost areas, according to the latest forecast by the National Association of Realtors®.