YOUR COMMUNITY CONNECTION September Newsletter 2020 Issue 26
Homes in Fort Collins, Loveland and Greeley sold at record pace in June as buyers flooded the local market, reversing a months long slump in real estate activity brought on by coronavirus restrictions earlier this year. In the Fort Collins area, more than half of homes for sale went under contract last month. That left just 342 properties on the market by early July—a number nearly 60% lower than it was this time last year, according to new data from IRES, the region’s listing service. Other communities saw a similar rush of buyers after slower months in March and April, said Chris Hardy, a Fort Collins-based realtor. “The buyers didn’t go away (earlier this year),” Hardy said. “They were on intermission.” On the flip side, sellers have been slow to put their homes on the market, Hardy said. “People who were thinking about selling this year may be thinking ‘Let’s just stay put for a while,’” he said.
After A Slow Spring, Northern Colorado Sees Surge In Home Sales
With increased competition for available homes, the region’s already-high housing costs inched even higher in June. Greeley’s median sales price hit $321,000. Loveland’s reached around $400,000. Fort Collins saw median home prices hit close to (continued on the next page)
By MATT BLOOM, KUNC • JUL 10, 2020
L O C A L R E A L E S TAT E S TAT I S T I C S H O M E P R I C E I N D E X - R E C E N T Q UA R T E R A P P R E C I AT I O N
F O RT C OLLINS - LOVEL A N D
G REELEY
DEN V ER , AU R O R A , L AKEW OOD
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