Market Update June 2018 vs. June 2017

FORT COLLINS-LOVELAND-WINDSOR-WELLINGTON
SINGLE FAMILY HOMES

What’s going on with the current real estate market? It’s so interesting this time of year to see the real estate market ebb and flow. June was no exception with a slow start to the month, a pick up the last two weeks, slow start to July and now things have picked up a little bit. Prices have started to drop on houses that have not sold, especially those in the higher end market above $550K.

In comparing single family house sales from June 2017 to June 2018 (we don’t have July stats yet,) it’s no great surprise that listing inventory is still down across the board in Fort Collins, Loveland, Windsor and Wellington. We also have less homes sold in all four areas compared to this time last year. Median sales prices are up with a median price in FTC of $425K, Loveland $363K, Windsor $436,385 and Wellington $337,450.

In short, there are still buyers searching for housing both for purchase and for rent. I expect we will see the market pick up again seasonally as we usually do after Labor Day. In the meantime, it’s a great time to contact me for a current market valuation of your property whether it’s your primary residence or investment property. With prices coming down a little it’s not quite as competitive as it has been for buyers and a good time to purchase even in lieu of a lack of inventory. As of today, a minimum 750 FICO score will get you an interest rate of between 4.75% and 4.875% for a 30 year conventional loan.

Attached Dwellings