With only 1.9 months of inventory, Broomfield remains a seller's market. Home prices have increased 2.7% in the past month alone. At the current pace, all available homes in Broomfield would sell out in just 1.9 months, indicating a continued supply shortage. Transaction volume is up 37% compared to what's typically expected this time of year. A significant 27.6% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 25.4% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Broomfield market with the affordability index at 44.3. Based on current market indicators, home prices in Broomfield are projected to decrease by approximately 12.3% over the next month.