According to the Fort Collins Board of Realtors:
"New Listings were down 17.5 percent for single family homes but increased 6.3 percent for townhouse-condo properties. Pending Sales landed at 254 for single family homes and 81 for townhouse-condo properties.
The Median Sales Price was up 8.2 percent to $525,000 for single family homes and 15.3 percent to $340,000 for townhouse-condo properties. Days on Market decreased 38.9 percent for single family homes and 36.4 percent for townhouse-condo properties.
There are signs the market may be shifting, however. New listings have continued to hit the market, bucking seasonality trends commonly seen in the fall, a time when listing and sales activity typically slows as children return to school. As inventory increases, competition for homes may soften, and could even bring a moderation in sales prices, which, after 114 months of year-over-year gains, would be music to the ears of homebuyers throughout the country."
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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