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Market Happenings
According to the Fort Collins Board of Realtors:
“New Listings were down 11.7 percent for single family homes and 28.2 percent for townhouse-condo properties. Pending Sales landed at 235 for single family homes and 65 for townhouse-condo properties.
The Median Sales Price was up 12.0 percent to $605,000 for single family homes and 16.2 percent to $405,000 for townhouse-condo properties. Days on Market decreased 9.1 percent for single family homes but increased 4.2 percent for townhouse-condo properties.
At a time of year when homebuying activity is typically very strong, soaring homeownership costs have caused home sales to decline nationwide for the fifth consecutive month, with existing-home sales falling 5.4% month-to-month and 14.2% year-over-year as of last measure, according to NAR. But there is a bright spot. Inventory of existing homes has continued to climb this summer, with 1.26 million homes available at the beginning of July, equivalent to a 3 months’ supply. And despite the summer slowdown, homes are still selling quickly, with the typical home staying on market an average of 14 days.”
For more news and a complete review of the latest housing statistics and information compiled by the Fort Collins Board of Realtors click this link and download the full report.
Want to get an up to the minute market report on any town in NoCo?
Check out this page - click on the graph and follow the past and current trends in Fort Collins.
Further, go to our homepage www.tophomesforsaleco.com and select a town listed there and you will be able to see other towns' stat too!
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