January 2013 Economic Outlook for Westminster and Broomfield!!

In taking literary license with Charles Dickens’ opening line in A Tale of Two Cities, the 2012 Broomfield/Westminster real estate market wasn’t the best of times or the worst of times,
but it did experience a marked improvement over the past several years.

Single family home sales were UP 14.10% in 2012 when compared to 2011 (4,029 vs.
3,531). Attached unit sales were down 1.04% for the same time periods (669 vs. 676). The
collective market was UP 11.67% (4,698 vs. 4,207).

The Absorption Rate (the length of time it would take for the market to fully turn) for
single family homes ended the year at 61 days for Broomfield/Westminster. 2011 ended the year
at 84 days. This was spurred my low mortgage interest rates and diminishing inventory.
For Broomfield/Westminster, the year ended with 678 single family home active listings.

This was down 17.02% when compared to the end of 2011 (678 vs. 817).

 Search for Homes under $500,000 in the City and County of Broomfield!

View Broomfield / Westminster Areas! in a larger map

© 2012 RE/MAX Alliance. All rights reserved.

SEARCH FOR HOMES IN THE CITY OF WESTMINSTER UNDER $350,000, HERE!!

Thanks for reading this,  Dan Hopper.

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Dan Hopper specializes in assisting home owners to avoid Foreclosure in Denver, Colorado. Denver Loan Modification Help, Denver Short Sales. Denver Realtor. Westminster, CO Loan Modification Help, Westminster, CO Short Sales, and Westminster Realtor.

Thank you for reading, "January 2013 Economic Outlook for Westminster and Broomfield!!"