According to the Fort Collins Board of Realtors:
“New Listings were down 1.0 percent for single family homes and 21.2
percent for townhouse-condo properties. Pending Sales landed at 240 for
single family homes and 69 for townhouse-condo properties.
The Median Sales Price was up 24.8 percent to $635,000 for single family
homes and 15.8 percent to $410,000 for townhouse-condo properties.
Days on Market decreased 14.3 percent for single family homes and 10.7 percent for townhouse-condo properties.
With monthly mortgage payments up more than 50% compared to this time last year, the rising costs of homeownership have sidelined many prospective buyers. Nationally, the median sales price of existing homes recently exceeded $400,000 for the first time ever, a 15% increase from the same period a year ago, according to the National Association of REALTORS®. As existing home sales continue to soften nationwide, housing supply is slowly improving, with inventory up for the second straight month. In time, price growth is expected to moderate as supply grows; for now,
however, inventory remains low, and buyers are feeling the squeeze of higher prices all around.”
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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