Half A Month

There is half of a month of inventory on the market.  In other words, at the current pace of sales, it would take just two weeks to sell all of the homes currently listed for sale along the Front Range.

By definition, a market is balanced when there is 4 to 6 months of inventory.  Anything less than that is a seller’s market.

The current inventory levels give us confidence about the future of price growth along the Front Range.

While we expect the pace of price appreciation to slow, the low supply of properties insulates us against any sort of price decline.

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Latest Ranking

CoreLogic produces one of the most respected and widely-used home price index reports in the United States.

They track home price appreciation in the largest markets across the Country.

Here are the highlights from their most recent report:

  • Home prices are up 9.2% Nationally
  • This is the highest increase since February, 2014
  • Denver ranks fourth among the largest 10 cities
  • Denver’s appreciation was 8.8% over the last year
  • Phoenix was first at 13.7%

 

The post Latest Ranking appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

Latest Ranking

CoreLogic produces one of the most respected and widely-used home price index reports in the United States.

They track home price appreciation in the largest markets across the Country.

Here are the highlights from their most recent report:

  • Home prices are up 9.2% Nationally
  • This is the highest increase since February, 2014
  • Denver ranks fourth among the largest 10 cities
  • Denver’s appreciation was 8.8% over the last year
  • Phoenix was first at 13.7%

 

The post Latest Ranking appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

Our Forecast

This past Wednesday and Thursday evenings we had the pleasure of hosting our annual Market Forecast events in Denver and Fort Collins.

Thank you to the 700 people who attended. We appreciate your support!

In case you missed the events, here are some highlights including our forecast for price appreciation in 2019:
• In 2018 Prices went up:
o 8% in Fort Collins
o 8% in Loveland
o 8.5% in Greeley
o 8% in Metro Denver

Inventory is (finally) showing signs of increasing:
o Up 25% in Northern Colorado
o Up 45% in Metro Denver

• There are distinct differences in months of inventory across different price ranges = opportunity for the move up buyer.

• There are several reasons why we don’t see a housing bubble forming:
o New home starts along the Front Range are roughly 60% of pre-bubble highs 14 years ago.
o Americans have more equity in their homes than ever, $6 Trillion!
o The average FICO score of home buyers is significantly higher than the long-term average.
o The home ownership rate is back to the long-term average.

• Our 2019 Price Appreciation Forecast:
o 6% in Fort Collins
o 6% in Loveland
o 7% in Greeley
o 6% in Metro Denver

If you would like a copy of the presentation, go ahead and reach out to us. We would be happy to put it in your hands!

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