November Real Estate Market Update

The numbers are in for November. If you are a stat geek, the charts will give you details & comparisons. Below the chart is a quick summary for those who just want a snapshot of what is going on.

Fort Collins single family homes continue to sit at a 2 months supply of inventory, an indicator it remains a sellers market. Median sales price has only increased by .04% - great news for buyers. New listings were down in November as well as closed sales.

Months supply of inventory is similar to single family homes and sits at 2.1. Median sales price is up slightly at 0.3% and new listings for townhomes/condos in Fort Collins was down by 5.1%.

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Months supply of inventory sits at 2.1. New listings were down 6% but pending sales are up 12.6% (sellers, this tells you buyers are still out there.) The median sales price did drop by 2.4% taking it to $405,000 for a single family home in Larimer County. More good news for buyers!