Continuing our semi-annual series of reports on Northern Colorado* real estate market trends, this report takes a look at the number of homes sold, by month. This number includes single family homes, condos and townhomes, and is reported on the basis of when the transaction was closed. Given a 30-45 day average time between when a home goes under contract and when it closes, there is a similar shift in the data if one is curious about when the actual buying decision occurred.
The chart clearly shows the seasonality at work in our marketplace. Activity is strongest during the second and third quarters of the year, usually peaking in June, and drops significantly - some years by well over 50% - during the winter months/holiday season. The actual variation over the last two years has been from a low of 400 sales in January of 2011 to a high of 1,004 in June of 2012. Another very visible trend is that the high points each year are higher than the previous years - it's certainly evident that 2012 was a better year for sales than 2011. And overall sales numbers are the most common measure of a real estate market's health.
While we're only looking at the last two year's worth of data here, it is obvious that conditions have significantly improved in the Northern Colorado real estate market. This is indeed some good news for the region.
If you would like to follow the Northern Colorado real estate market data in more detail, please take a look at Mary & Dick's Blog, where we report regularly and in greater detail on what's happening in each city and county, as well as on specific market segments and neighborhoods. And if you would like specific information that we're not reporting, please give us a call. If the data is available, we'll get it for you.
* We're defining Northern Colorado as all of Larimer & Weld Counties, which include the cities of Fort Collins, Loveland, Estes Park, Berthoud, Wellington, Greeley, Windsor, and Johnstown.
Mary & Dick Greenberg
Elevations Real Estate LLC
106 East Oak St.
Fort Collins, CO 80524