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Local Market Statistics
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NoCo Market Statistics: January 2010
National Numbers that Drive Real Estate
County Housing Market Snapshots: 3rd Quarter 2009 Trends
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NoCo Market Statistics: January 2010
January 2010 northern colorado real estate market statistics are in! In the chart below, we examine the following leading market indicators for Greeley, Loveland/Berthoud and Fort Collins:
- U/C = Under Contract
- Number of sold properties
- MSI = Month’s Supply of Inventory
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National Numbers that Drive Real Estate
Numbers Released 2/5/10
Home Sales
After a rising surge for three straight months, existing home sales slowed in December
after first-time buyers rushed to meet the original November tax credit deadline
and evidenced by first timers accounting for 51% of sales in November compared to
43% in December. “It’s significant that home sales remain above year-ago levels, but
the market is going through a period of swings driven by the tax credit,” said Lawrence
Yun, NAR chief economist. December sales of 5.45 million remain 15% above
the 4.74 million-unit level last year.
Median Home Price
Existing-home price was $178,300 in December, 1.5% higher than December 2008
and 8.2% above its low in January 2009. It was the first year-over-year gain in median
price since August 2007, attributable to an increase in the number of mid- to upper-
priced homes in the sales.
Inventory—Month’s Supply
The supply of homes continued to shrink, falling 6.6% to 3.29 million, representing a
7.2-month supply at the current sales pace. Compared to a year ago, there are now
11% fewer homes on the market. This is the lowest level of competing homes on the
market since March 2006.
Source: Keller Williams Realty, “This Month in Real Estate,” released 2/5/10.
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County Housing Market Snapshots
Please note: The fourth quarter 2009 column (Q4 ‘09) shows forecasted movement. Actual fourth
quarter 2009 numbers will be available in follow-up issues. Source: IRES “Economic
and Market Watch Report, 3rd Quarter 2009”
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Larimer County, 3rd Quarter 2009
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Weld County, 3rd Quarter 2009
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County Housing Market Snapshots
Please note: The third quarter 2009 column (Q3 ‘09) shows forecasted movement. Actual third
quarter 2009 numbers will be available in follow-up issues. Source: IRES “Economic
and Market Watch Report, 2nd Quarter 2009”
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