Housing Outlook 2016

What will 2016 bring for the housing market? If the predictions are correct, this year will be great for real estate. This month, I’m sending you information about what should be a bright 2016 for home buyers and sellers. Want to learn more about what this year’s real estate projections could mean for you? Give me a call! And remember, I’m never too busy for any of your referrals.

Housing Outlook 2016

Fort Collins Monthly Housing Report – October Indicators

New Listings were down 18.6 percent for single family homes and 11.6 percent
for townhouse-condo properties. Pending Sales landed at 220 for single family
homes and 75 for townhouse-condo properties.
The Median Sales Price was up 11.1 percent to $350,000 for single family
homes and 29.3 percent to $258,600 for townhouse-condo properties. Days on
Market decreased 6.4 percent for single family homes but increased 13.9
percent for condo properties.
Builder confidence is as high as it has been in more than a decade, yet the pace
of economic growth has been slow enough to cause pause. A low number of
first-time buyer purchases and a looming demographic shift also seem to be
curbing the desire to start new single-family construction projects. As older
Americans retire and downsize, single-family listings are expected to rise. The
waiting is the hardest part.

See link below for full FCBR Report:
http://fcbr.org/wp-content/uploads/2016/11/FCBR_MMI_FINAL_10_2016.pdffcbr_mmi_final_10_2016