Home sales in Greeley rose slightly in August 2015 to 152 sold, up 2.7% from 148 in July 2015, and up 2.0% from 149 sold in August 2014. The real estate market is showing no signs of a seasonal slowdown yet, and if activity follows last year’s pattern, we’ll see good activity through the fall season.

Home prices also gained in August 2015, with the median price rising 3.5% to $236K from $228K in July 2015. The average price rose 5.4% to $252K from $239K in July 2015. While the monthly numbers represents only those homes sold in a particular month, and will fluctuate, the trend lines for home prices are maintaining their steady upward direction.

Inventory continues to rise, with the number of available homes gaining 9.2% to 238, up from 218 in June 2015. And the months supply of inventory (MSI) dropped slightly to 3.4 months in August 2015. Good inventory increases in the last three months have helped generate a bit more market balance.

Summary:

The Greeley real estate market showed no signs last month of the beginning of a slower fall season. Sales, home prices and inventory all registered gains. It remains a seller’s market, and buyer activity continues to be strong. Looking ahead, with continued economic growth forecast for the region, we believe that good market conditions may persist for several more months before the inevitable winter slowdown, particularly if inventory continues to rise.

If you're curious about what's on the market, check out Homes for Sale in Greeley CO. When you see something you'd like to take a closer look at, please give us a call - we would be delighted to schedule a showing for you at your convenience.