Sales are down 14% from last year yet Broomfield has not seen the precipitous drop other areas have. Average sales price - so far - is off 15% from 2010, but only down 2% from where it was in ’05 after peaking in ’08. Days to contract are up over last year, as is inventory after declining for 3 years in a row. Due to increased sales and relatively steady listings months of inventory in April dropped to 4.7, a seller’s market! 5 to 6 months of inventory mark the dividing line between a buyer’s and a seller’s market. More than 5/6 months is a buyer’s market, less is a seller’s.
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