Hows the Fort Collins Real Estate Market?

Each month stats come rolling out on the number of sold listings, number of new listings, median price and so on. Then follows the evaluation, which can be diagnosed in several ways.

I like to provide a snapshot which can give you a good insight into the question of "hows the market?"

For the month of May in Fort Collins for single family homes:

- Active homes for sale were down 6.6% from 2018

- There were 67 closed transactions, down 36.8% from 2018

- 114 new listings hit the market in May, up 2.7% from 2018

- Days on market (time from listing to closing) was down by 16.7% (homes sold a little quicker)

Without drilling too deep, this means the Fort Collins real estate market is moving into a balanced market, a good thing for both buyers & sellers!