According to the Fort Collins Board of Realtors:
“New Listings were up 1.3 percent for single family homes but decreased 16.4 percent for townhouse-condo properties. Pending Sales landed at 353 for single family homes and 95 for townhouse-condo properties.
The Median Sales Price was up 12.6 percent to $506,750 for single family homes and 12.6 percent to $354,000 for townhouse-condo properties. Days on Market decreased 35.8 percent for single family homes and 37.0 percent for townhouse-condo properties.
The increase in sales prices comes with a slight decline in existing home sales nationwide, as homebuyers struggle with declining affordability amid a lack of inventory, forcing some buyers to simply wait it out in hopes of more inventory and less competition. Meanwhile, home builders are trying to meet the increased market demand, with housing starts up 3.6% in May from April, according to the Commerce Department. As we ease into new routines and look forward to a post-pandemic future, one thing remains certain: America desperately needs more homes.”
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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