New Listings were down 13.3 percent for single family homes but increased 103.1 percent for townhouse-condo properties. Pending sales clocked in at 165 for single family homes and 50 for townhouse-condo properties.
The Median Sales Price was up 23.8 percent to $318,000 for single family homes and 19.8 percent to $223,144 for townhouse-condo properties. Months Supply of Inventory stood at 1.5 for single family units and 1.3 months for townhouse-condo units.
Interest rates remained lower than anyone expected for the entire year. That trend snowballed with solid and accelerating private job growth to empower more consumers to buy homes. This coupled nicely on the governmental side with mortgage debt forgiveness and interest deduction preservation. Student loan debt, sluggish wage growth and a lack of sufficient mortgage liquidity still remain hurdles to greater recovery. That said, Colorado has an economy that's
the envy of most states and is well-positioned for continued recovery in 2015.
A comprehensive Housing Report from the Fort Collins Board of REALTORS® outlining the latest market reports for single family and multi-family housing in the greater Fort Collins Area. Residential Market Statistics for single family detached and attached homes provided by IRES. Please note that IRES no longer includes "to be built" and "under construction listings.
For more information please visit www.fcbr.org/HousingReports or call 223-2900