Monday, May 23, 2011

Longmont, CO April, 2011 Year-To-Date Home Real Estate Highlights

Longmont’s year-to-date sales in 2010 were boosted by the tax credit and now they’re off again from ’09.  Average price declined 7% from a year ago and is down 13% from 6 years ago.  Days to contract are steady in the 80’s.  Inventory is down for the fourth time in five years and down 38% from 6 years ago.  Months of inventory held steady in April at 8.4.  5 to 6 months of inventory mark the dividing line between a buyer’s and a seller’s market.  More than 5/6 months is a buyer’s market, less is a seller’s.


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