According to the Fort Collins Board of Realtors:
“New Listings were up 2.5 percent for single family homes but decreased 7.9 percent for townhouse-condo properties. Pending Sales landed at 286 for single family homes and 84 for townhouse-condo properties.
The Median Sales Price was up 16.7 percent to $622,450 for single family homes and 5.3 percent to $425,000 for townhouse-condo properties. Days on Market decreased 30.0 percent for single family homes and 47.2 percent for townhouse-condo properties.
The slowdown in sales has provided a much-needed lift to housing supply, with inventory up 10.8% from the previous month according to NAR, although supply remains down 10.4% compared to this time last year, with only 2.2 months’ supply of homes at the current sales pace. As the nation continues to explore ways to solve the ongoing housing shortage, estimated at 5.5 million homes, the Biden administration recently unveiled the Housing Supply Action Plan, which aims to expand housing access through a number of administrative and legislative actions and help relieve the nation’s housing crisis over the next 5 years.”
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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