Here’s what the Broomfield real estate market looked like for the year:
The median home went under contract in 11 days while in 2016 it was seven.
The average home sold for 98.7% of the original asking price. In 2016, it sold for 99.8% of asking.
In 2016 the highest month of inventory was two months and the lowest availability was a one month supply. In 2017, the highest was 2.5 months while the lowest supply was 1.2 months.
The median home in Broomfield sold for $425,000 in 2017 while the median home sold for $392,500 in 2016. An 8.3% increase in value. So when the guy installing your new dishwasher tries to tell you the market has softened, and home values are no longer increasing, you can tell him he doesn’t know what he’s talking about.