Price growth accelerates even as homes stay listed longer and inventory grows.
Broomfield Real Estate Market Snapshot
- Average Sales Price: $881,037
- Average Days on Market: 46
- Active Listings: 363
While prices have surged, inventory is holding steady, and homes are taking longer to sell than earlier this summer.
📊 Weekly Activity Breakdown
From July 28 – August 3:
- New Listings: 31
- Back on Market: 11
- Coming Soon: 6
- Active Listings: 363
- Price Reductions: 60
- Price Increases: 4
- Pending: 25
- Sold: 34
- Withdrawn: 6
- Expired: 11
Price reductions significantly outpaced new contracts, suggesting sellers are adapting to a market where buyers are taking more time and expecting flexibility.
🔍 Broomfield Real Estate Market Trends & Insights
Inventory & Supply
With 363 active listings this week, Broomfield’s inventory has risen steadily year-over-year. Homes are staying on market nearly twice as long as last July, offering more choice for buyers and amplifying seller competition.
Price Behavior
The week’s average price of $881K reflects strong demand and higher-end segments driving up values. Over half of homes sold below asking price, underscoring buyer leverage and the importance of accurate pricing.
Sales & Buyer Patterns
Buyers are more deliberate: only 57% of homes sold within 30 days, and 32% took 30–90 days to close, per July data. While interest remains, buyers are asserting more control.
Seller Adjustments
With 60 price reductions this week alone, seller flexibility is front and center. Those who price to buyer expectations are seeing success, while others are facing strategic market resistance.
🧭 What It Means for Buyers & Sellers
For Buyers
This is a great time to negotiate—more homes, longer timelines, and growing price flexibility work in your favor. The market is less hectic, and you have the luxury of choice.
For Sellers
Higher price tags bolster value, but stagnant inventory and growing discounts mean accurate pricing and presentation are essential. Those who price smart and market meticulously still close strong.
Brought to you by the best realtor in Broomfield, John Grandt and the North Star Team at Compass—your trusted partners for navigating local real estate with confidence and clarity.
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Visit www.northstarcompass.net. Phone: 720.351.8488, or [email protected]
For questions regarding the Broomfield Real Estate Market in general contact:
John Grandt
Real Estate Professional | Team Lead
North Star Team at Compass
[email protected]
720.351.8488
