Market Happenings
According to the Fort Collins Board of Realtors:
“New Listings were down 34.7 percent for single family homes and 17.9 percent for townhouse-condo properties. Pending Sales landed at 128 for single family homes and 60 for townhouse-condo properties.
The Median Sales Price was up 25.0 percent to $559,950 for single family homes and 18.4 percent to $375,135 for townhouse-condo properties. Days on Market decreased 29.1 percent for single family homes and 25.7 percent for townhouse-condo properties.
Looking ahead, experts anticipate many of the housing market trends of 2021 will continue in 2022, albeit at a more moderate level. Strong buyer demand and inventory shortages are likely to persist over the next year. Home sales are projected to remain strong but will be tempered by the limited supply of homes, higher sales prices, and rising interest rates, with the Federal Reserve planning multiple rate hikes in the new year. Price growth is expected to slow somewhat as a result, but affordability will likely remain a top constraint for some homebuyers."
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.
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