More Fort Collins CO Homes Under Contract In August

Local homes under contract picked up last month but inventory remains very limited with only a 1.8 months supply available in Larimer County and 1.2 months supply available in Fort Collins.

That means that it would only take under 2 months to sell off the current inventory and on average most are selling within 45 to 50 days on average in this market.

During August this year both Larimer County and Fort Collins had a slight increase in the homes under contract with 3.52% for Larimer County and 9.38% for Fort Collins.
Similar National Market Trend
Lawrence Yun, NAR chief economist, says a sizable jump in the West lifted pending home sales higher in July. “Amidst tight inventory conditions that have lingered the entire summer, contract activity last month was able to pick up at least modestly in a majority of areas,” he said. “More home shoppers having success is good news for the housing market heading into the fall, but buyers still have few choices and little time before deciding to make an offer on a home available for sale. There’s little doubt there’d be more sales activity right now if there were more affordable listings on the market.”
The Pending Home Sales Index,* a forward-looking indicator based on contract signings, rose 1.3 percent to 111.3 in July from a downwardly revised 109.9 in June and is now 1.4 percent higher than July 2015 (109.8). The index is now at its second highest reading this year after April (115.0).
Adds Yun, “The index in the West last month was the highest in over three years 1 largely because of stronger labor market conditions. If homebuilding increases in the region to tame price growth and alleviate the ongoing affordability concerns, the healthy rate of job gains should support more sales.”
The Pending Home Sales Index (PHS), a leading indicator of housing activity, measures housing contract activity, and is based on signed real estate contracts for existing single-family homes, condos and co-ops. Because a home goes under contract a month or two before it is sold, the Pending Home Sales Index generally leads Existing Home Sales by a month or two.

Fort Collins CO Homes For Sale June 2016

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Fort Collins CO Homes For Sale June 2016 where there were 386 new listings within Fort Collins. This is a decrease of 3.02 % over the same month last year when there were 398 new listings in Fort Collins June 2015. This June there were 333 Fort Collins homes sold a decrease of 10.96% over the same month last year when 374 homes in the Fort Collins were sold. The average sale price of www.EdPowersRealEstate.com was $381,856 during June, 2016, an increase of 5.92% over last June 2015, when the average sale price was $360,517.

For more information about last month see the Fort Collins Homes For Sale May 2016.

Search in the box below for Fort Collins CO Homes for sale by typing ‘Fort Collins’ into the first search box then Click on the magnifying-glass icon. 
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Find out what you home is worth at whats-my-home-worth

Originally posted at: SearchColoradoProperties.org

See more homes at: http://www.EdPowersRealEstate.com and find more details at http://www.SearchColoradoProperties.org

Copyright Ed Powers www.EdPowersRealEstate.com Where there can be found Fort Collins CO Homes For Sale May 2016 .

Fort Collins CO Homes For Sale May 2016

Fort Collins CO Homes For Sale May 2016 where there were 816 homes available within the Fort Collins regional area. This is a increase of 12.86 % over the same month last year when there were 723 Fort Collins homes for sale. This May there were 300 Fort Collins homes sold an increase of 14.94% over the same month last year when 261 homes in the Fort Collins region were sold. The average sale price of Fort Collins CO homes for sale was $354,500 during May, 2016, an increase of 9.08% over last May 2015, when the average sale price was $325,000.

For more information about last month see the Fort Collins Homes For Sale April 2016.

Search in the box below for Fort Collins CO Homes for sale by typing ‘Fort Collins’ into the first search box then Click on the magnifying-glass icon. 
Subscribe to this feed for all the Fort Collins Homes for sale.

Find out what you home is worth at whats-my-home-worth

Originally posted at: SearchColoradoProperties.org

See more homes at: http://www.EdPowersRealEstate.com and find more details at http://www.SearchColoradoProperties.org

Copyright Ed Powers www.EdPowersRealEstate.com Where there can be found Fort Collins CO Homes For Sale May 2016 .