Here is the Greeley CO February 2012 Real Estate Market Report:
January Property Sales were 61, down 9.0% from 67 in January of 2011 and 33.0% lower than the 91 sales last month. January 2012 sales were at their lowest level compared to January of 2011 and 2010. January year-to-date sales of 61 are running 9.0% behind last year's year-to-date sales of 67.
The Median Sales Price in January was $150,000, up 25.0% from $120,000 in January of 2011 and up 13.6% from $132,000 last month. The Average Sales Price in January was $155,930, up 12.3% from $138,887 in January of 2011 and up 5.7% from $147,483 last month. The January 2012 Average Sales Price was at the highest level compared to January of 2011 and 2010.
The Total Inventory of Properties available for sale as of January was 378, up 4.7% from 361 last month and down 34.3% from 575 in January of last year. January 2012 Inventory was at its lowest level compared with January of 2011 and 2010. The Average Days On Market for January was 93, up 8.1% from 86 days last month and up 16.3% from 80 days in January of last year. The January 2012 Average Days On Market was at a mid level compared with January of 2011 and 2010.
The Greeley CO February 2012 Real Estate Market Report shows a continuing increase in price data, with both average and median prices up. This most likely reflects more activity in higher price ranges rather than actual improvements in value. The decrease in sales activity is probably a result of seasonal effects. But even lacking changes in underlying economic conditions, there is still some reason to be optimistic about the real estate market in Greeley CO, as it continues to offer some outstanding opportunities, with very attractive pricing and great interest rates.
If you'd like to take a closer look, just Search Real Estate Listings for the homes currently on the market in Greeley CO. We'd love to show you any of these homes that seem interesting - please give us a call and we'll set up some showings at your convenience.