Northern Colorado Business Report recently reported new statistics on the Northern Colorado housing market. The following is what they reported:
“The housing recovery continued across Northern Colorado in August, according to the most recent data from Information Real Estate Services, with the Greeley-Evans area seeing an increase of 29.4 percent in the number of listings sold year-to-date when compared to last August.
Loveland and Berthoud saw a jump almost as large, with the number of homes sold year-to-date increasing 26.4 percent when compared to 2012. Fort Collins’ increase was 16.7 percent in the same period.
All three Northern Colorado statistical areas have seen double-digit growth in housing sales every month so far in 2013, and correspondingly, home prices have been on their way up across the region, accorsing to IRES, which gathers data from five area multiple listing services.
In Greeley, median homes prices were up 23 percent to $129,900 in August. Loveland’s median price increased by 16 percent to $255,100, and Fort Collins’ went up by 3.4 percent t $266,900.
Homes have been spending smaller amounts of time on the market, with brokers often fielding multiple offers on homes or dealing with bidding wars, a stark contrast to the years immediately following the recession, when home sales were difficult and foreclosures were common.
Total home sales in all three areas year-to-date in August were more than $1.2 billion, an increase of 22 percent from the 2012 sales levels, which were just over $972 million through the first eight months of the year.”
Here is a link to the original article from Northern Colorado Business Report: http://www.ncbr.com/article/20130912/NEWS/130919971/-1/INDUSTRY