Tuesday, April 26, 2016

Montclair Housing Market Trends

Montclair, Colorado

This graph shows average days on the market (ADOM) in contrast to median listing price over a period of about 5 years. The listing price hovers between $200,000 and $600,000. The ADOM started off very high as supply was very high in 2011 coupled with a low demand. However, since 2012, the market has become more competitive with a reverse effect of high demand and low supply. 

This graph gives us a closer look at the trend from the first graph by looking specifically at the number of active listings. It would have been very easy to find a house up for grabs in this neighborhood in 2011, but now it is quite the task.

This final graph again takes us back to the first trend, but specifically looks at the median sales price of homes in this area. There is a steady incline of what these homes sell for on average.