July's existing home sales in Fort Collins Colorado grew 11% over June. However we are still down for the year ( -14%) when comparing to the same period as last year. We should be at 1380 homes sold for the year and we are at 1183. Still a little mixed for the year.
The July's inventory fell from 5.98 months of inventory in June to 5.17 months. This may suggest homeowners are waiting to put homes on the market.
The total dollars volume sold year to date is $298,203,944. The highest priced achieved for a home sold so far for this year is $1,325,000 and the lowest is at $39,100. The median price is now at $220,350 and the average price is $252,074. There is still a slight shift in the purchase of higher priced homes.
It is still a wild year in real estate.
Rob Proctor, Broker with At Home Realtors Loveland Colorado http://www.at-home-realtors-com
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