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The Greeley Real Estate Market - April 2017

By
Real Estate Broker/Owner with New Paradigm Partners LLC EB #1326335

This is the April 2017 Real Estate Market Report for Greeley CO

 

Sales:

Greeley CO Home Sales March 2017

Home sales rose in March 2017, to 115 sales from 83 sales in February 2017, but were down 27.8% from 147 sales in March 2016. This was an expected outcome, as activity levels begin to increase as we move into spring, and we should see this trend continue in the next several months.

 

 

Prices:

Greeley CO Home Prices March 2017

Home prices were mixed in March 2017 - the median sales price rose 3.4% to $275K from $266K in January 2017, but the average price fell 1.0% to $276K from $279K in January 2017. These results are likely just month-to-month variations in the prices of the homes that sold, and the long-term trend continues to suggest increasing home values.

 

 

Inventory:

Greeley CO Home Inventory March 2017

Inventory grew slightly in March 2017 - at the end of March, there were 84 homes for sale, a rise of 5% from 80 homes in February 2017. The Months Supply of Inventory (MSI) fell to 0.7 months, as inventory gains were insufficient to cover increased sales, continuing to indicate a strong seller’s market and high buyer demand.

 

 

Summary:

On the demand side, the Greeley real estate market is showing signs of a transition to busier spring levels of activity, with sales moving upward. Of much greater importance is what’s going on with inventory - it clearly remains far short of what is needed to satisfy demand and will need substantial growth in the coming months to restore balance in the market. Should that fail to happen, prices will inevitably continue to rise, and buyers will face difficult conditions, particularly at the lower and mid price levels. The next couple of months will give us a better idea of what is going to happen - we’ll keep you informed.

 

If you would like to take a look at the available homes, check out Greeley CO Homes for Sale. When you find something that might meet your needs, please give us a call - we would be happy to schedule a showing for you at your convenience.

Posted by
Mary & Dick

Mary & Dick Greenberg
New Paradigm Partners LLC
2601 S. Lemay Ave. #41
Fort Collins, CO 80525
970-689-4663
www.maryanddick.com

 

Data Source: IRES MLS

Comments (4)

Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Dick,

Every ever so slight growth helps in a tight marketplace.  Looks like the Greeley market offers a lot of choices, and of course Mary and you are the ideal people to contact when it comes to buying or selling in Greeley.  A

Apr 10, 2017 07:11 AM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hi Dick -- you are so in touch with your local markets that you understand the nuances as they occur.  That's particularly true for this update on Greeley real estate as well as the other Northern Colorado markets you serve.  

Apr 10, 2017 08:02 AM
Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

I just love the style of those Greeley homes.  They look like something out of Stapleton.

Apr 10, 2017 09:48 AM
Jan Green - Scottsdale, AZ
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Great reports Dick!  Looks like your low inventory is still pushing demand like ours is.  Every morning includes checking the hot sheets for new listings, argh!  I love your reporting style, easy to follow.  Great work! 

Apr 12, 2017 05:24 PM