The Broomfield real estate market is a very strong sellers market as of April 2013. This article will help you learn about the current real estate market conditions for Broomfield Houses For Sale. Call Metro Denver Luxury Homes at 303.550.8563 to learn more about the Broomfield real estate market or for information on a specific home located in the Greenwood Village, Colorado.
The graph above with blue bars shows Months of Inventory or MOI for Broomfield Houses For Sale over $500,000 over the last two years. MOI peaked in June 2012 with an incredibly high 33 months of inventory. As of April 2013, there are currently only 2.5 months of inventory of Broomfield Houses For Sale! This is a very low number! This is the lowest MOI for Broomfield Houses For Sale for any month in many years. Months of Inventory is a calculation REALTORS® use to determine whether a real estate market is currently a sellers or a buyers market. A market that is balanced between buyers and sellers is a market with 6 Months of Inventory. More than 6 MOI is a buyers market and less than 6 MOI is a sellers market. The Broomfield Colorado luxury home market is a very strong sellers market as of April 2013.
What does this mean for Broomfield luxury home owners? Now is a great time to sell Broomfield luxury homes. In fact, now may be the best time in years to sell your Broomfield luxury home.
The graph above with red bars shows the total number of homes for sale in Broomfield over $500,000 over the past two years. The number of active Broomfield Houses For Sale peaked in May 2012 with 120 homes for sale. There were only 77 active Broomfield Houses For Sale at the end of March 2013. This is a huge drop in the number of the luxury homes for sale at the the peak!
Learn how to Sell Your Metro Denver Luxury Home quickly and save thousands of dollars. If you are considering buying Broomfield Houses For Sale, you should begin your search today in case the inventory goes even lower this spring.