The first quarter is over and the Fort Collins Colorado residential real estate market is a little mixed. The total number of resale homes sold compared to the same period last year is down -18%. Median home price is also down for the quarter at -6%. On the bright side, the average selling price is up +5%. More trade up homes are being purchased.
New construction is still needing help. First quarter volume is down -42%. However the median price is up +22%. The average is flat over the same period last year.
The next three months will tell the story if we are rebounding.
Rob Proctor - Broker, At Home Realtors, http://www.at-home-realtors.com
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