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Market Happenings
According to the Fort Collins Board of Realtors:
"New Listings were down 15.6 percent for single family homes and 13.0 percent for townhouse-condo properties. Pending Sales landed at 251 for single family homes and 90 for townhouse-condo properties.
The Median Sales Price was up 21.6 percent to $620,000 for single family homes and 18.5 percent to $410,000 for townhouse-condo properties. Days on Market decreased 27.1 percent for single family homes but increased 18.5 percent for townhouse-condo properties.
Affordability challenges are limiting buying activity, and early signs suggest competition for homes may be cooling somewhat. Nationally, existing home sales are down 2.7% as of last measure, while pending sales dropped 1.2%, marking 5 straight months of under contract declines, according to the National Association of REALTORS®. Inventory remains low, with only 2 months supply at present, and home prices continue to rise, with the median existing home at $373,500, a 15% increase from this time last year. Homes are still selling quickly, however, and multiple offers are common in many markets."
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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