We interpret these numbers, understand real estate market trends in Northern Colorado, and suggest which way the market is moving. Contact us if you are looking for neighborhood specific real estate statistics and information, we will provide you with a report to suit your needs. We choose to dive into the numbers, focusing primarily on three key statistics: number of sold listings, days on market, and median sales price. The reason why the number of listings sold is so important is because that represents the true market, what has actually sold. Although active listings gives you an idea of inventory supply, it is not useful in understanding value as most active listings tend to drop a few percent from list to sale. Average days on market helps us understand how quickly that inventory is moving and how long I can expect to have a home on the market. Obviously median sales price helps us understand seasonal and yearly changes in values in Northern Colorado.

Below is a breakdown of the Northern Colorado Real Estate Market Statistics - Fort Collins, Loveland + Berthoud, and Greeley + Evans

Both 2010 and 2011 show a very logical and gradual increase from January through April, as expected, but in 2012, inventory remains flat around 1000 units. On top of that, inventory levels are well below the respective 2010 and 2011 levels. Distressed properties are being flushed out and bought, reducing the amount of available homes on the market. On top of that, there is a growing demand for homes, and some sellers are sitting on the sidelines waiting for prices to increase so they can eventually sell at pre-recession levels.

We are very likely to see increased prices, decreased days on market, and increased buyer competition as we continue in 2012.