This is the August 2012 Real Estate Market Report for Greeley CO Homes for Sale:

July property sales were 122, down -3.9% from 127 in July of 2011 and 25.8% higher than the 97 sales last month. July 2012 sales were at a mid level compared to July of 2011 and 2010. July year-to-date sales of 657 are running -10.0% behind last year's year-to-date sales of 730.

The Median Sales Price in July was $143,407, down -1.0% from $144,900 in July of 2011 and down -3.0% from $147,900 last month. The Average Sales Price in July was $157,137, down -2.4% from $160,929 in July of 2011 and down -4.2% from $164,019 last month. The July 2012 Average Sales Price was at a mid range compared to July of 2011 and 2010.

The Total Inventory of Properties available for sale as of July was 475, up 11.2% from 427 last month and down -9.9% from 527 in July of last year. July 2012 Inventory was at the lowest level compared to July of 2011 and 2010. The Average Days On Market for July was 57, down -23.0% from 74 days last month and down -9.5% from 63 days in July of last year. The July 2012 Average Days On Market was at its lowest level compared with July of 2011 and 2010.

The indicators for the Greeley CO real estate market are throwing off some mixed signals. The good news is that sales in July were up over the previous month (but are still running behind last year), and inventory is increasing. But prices are still in decline. The bumpiness of the data, at this point in the year when we expect smoother performance, makes it very difficult to discern any real trends clearly. We'll be watching closely in the coming months to see where this is going.

In the meantime, however, there is great news for buyers - the Greeley CO real estate market is providing some excellent affordable housing opportunities, and interest rates are still extremely favorable. This is a great time to check out the current inventory - if you're interested in finding a nice home at a great price, take a look at Greeley CO Homes for Sale. If you see some homes you would like a closer look at, give us a call and we'll schedule some showings at your convenience.