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.
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