This is the market trends report for Fort Collins CO for January 2010 - January 2013.
Home Sales
166 homes sold in January 2013, up 34.9% from 123 sales in January 2012, and up 9.2% from December, 2012. It is apparent from looking at the chart that 2013 was the strongest of the last 3 years for real estate sales in Fort Collins.
Home Prices
Real estate prices began 2013 on a high note, with median price at $250,000, up 9.2% from the previous month, and average price at $290,000, up 12.4% from the previous month. Prices in 2012 were trending generally upward from 2010 and 2011.
Inventory
There was a substantial jump in inventory in January, up 30% to 936 homes. Inventories remain at lower levels than optimal, and the Months Supply of Inventory (MSI) has edged upward to 6 months, mostly as a result of a seasonal drop in demand.
Summary
It’s really way too early in the year to get a feel for whether 2013 will continue the recovery that began last year. The signs are promising, with improving regional economic health providing a good foundation. Low inventories, and their potential for unbalancing the market, remain a concern, but the January inventory numbers are a step in the right direction. Overall, we’re optimistic.
If you're thinking about making a move, take a look at the homes currently for sale in Fort Collins CO. If you see something interesting, give us a call - we'd be happy to set up showings for you at your convenience.
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