06/12/2019
Monument, CO 80132
Wed Jun 12, 2019
This week the median list price for Monument, CO 80132 is $625,000 with the market action index hovering around 43.
This is about the same as last month's market action index of 43. Inventory has held steady at or around 95.
Market Action Index
The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. An index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.
Today: 43
Slight Seller's Advantage
In the last few weeks, the market has achieved a relative stasis point in terms of sales to inventory.
However, inventory is sufficiently low to keep us in the Seller’s Market zone . If the market heats up, prices are likely to resume an upward climb.
Real-Time Market Profile
Never miss important changes in the Monument market.
Median List Price
$625,000
Per Square Foot: $154
Average Days on Market: 62
Price Decreased
35%
Price Increased
7%
Re-listed
12%
Inventory
95
Median House Rent $2,100
Most Expensive $1,120,000
Least Expensive $349,000
Market Action Index
Slight Seller's Advantage
43
Median List Price
Market Segments
Avg 7-Day: $489,341
In the last few weeks, we’ve seen prices in this zip code bouncing around this plateau.
Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$949,800 5,724 2.5 - 5 acres 5 5 13 6 3 97
$712,450 4,360 0.5 - 1 acre 5 4 15 3 4 94
$553,789 3,920 0.25 - 0.5 acre 4 3 7 5 3 30
$440,950 2,883 0.25 - 0.5 acre 4 3 13 9 4 27