According to the Fort Collins Board of Realtors:
“New Listings were down 25.9 percent for single family homes and 5.3 percent for townhouse-condo properties. Pending Sales landed at 310 for single family homes and 104 for townhouse-condo properties.
The Median Sales Price was up 20.6 percent to $533,718 for single family homes and 27.7 percent to $405,322 for townhouse-condo properties. Days on Market decreased 34.2 percent for single family homes but remained flat for townhouse-condo properties.
With such limited supply of existing homes to purchase, all eyes are on home builders to provide a much-needed boost of inventory to the market to help meet buyer demand. However, increasing material and labor costs, along with supply chain challenges, have contributed to significantly higher construction costs, with builders passing these costs on to homebuyers. And while the warmer temperatures, rising sales prices, and the reopening of the economy may draw more sellers to the market, historically low levels of homes for sale are likely to continue for some time.”
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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