Fun Facts

Fun Facts Most Surprising News The most surprising piece of news for our friends and clients is that prices are essentially flat compared to last year.  People find that surprising given what interest rates have done over the last 18 months.  They wonder, how could prices not fall significantly after interest rates jumped considerably?  The answer is the fundamental economic […]
Fun Facts Highly Active In addition to tracking the average price for sold properties, it is also interesting to track the average price for active properties. Asking prices are up across all markets when compared to the same time last year. Here are the average list prices for residential properties along the Front Range: Larimer County = $893,000 (8% […]
Fun Facts A Rate-Induced Pop The recent drop in mortgage rates triggered a measurable uptick in sales activity. So far through the first 10 days of November, pending activity in Northern Colorado is up versus the same 10 days last year. This is despite interest rates being higher than they were last year. Mortgage rates just had their biggest one-week […]
Fun Facts MOI is Still LOW Despite decreased buyer activity driven by normal seasonal patterns plus higher interest rates, the key stat of Months of Inventory continues to stay relatively low. Months of Inventory (MOI) is the simple measurement of how long it would take to sell the current inventory of homes for sale at the current pace of sales. Along […]
Fun Facts Holding Steady Despite a significant increase in the supply of apartments, rental rates are holding steady. New research from shows that lease rates in the largest U.S. cities are down just 0.7% even though completions of apartment buildings are up 15% since 2022. Denver’s average apartment lease rate decreased only 1.0% year over year and now […]
Fun Facts Net Worth Surge Net worth surged for American families during the pandemic era, largely because of increased home values based on the Federal Reserve’s Survey of Consumer Finances. Net worth is a measure of household assets after accounting for liabilities. After accounting for inflation, median net worth jumped to $192,900, a 37% increase from 2019-22, the Fed found. […]
Fun Facts The Price is Right This is an interesting and important time of year for current home sellers. Thanksgiving is approximately 45 days away which is an important deadline for home buyers. Many buyers who are considering a move this time of year would like to close on a home before Thanksgiving. Current home sellers have a one to two […]
Fun Facts Increasing Reductions More and more sellers are having to reduce their listing price. Nationally, 37% of all home sellers have recently had a listing price reduction. This is according to a recent report from Altos Research. This is up from 30% in May and is now at the second-highest level since 2018. The highest it has been […]
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Fun Facts Jump to Three The most notable change in the market, in terms of a specific statistic, is months of inventory. This statistic measures how long it would take to sell all of the current inventory at the current pace of sales. Months of inventory has jumped to three along the Front Range. One year ago, it was two […]
Blog Double, Half, Fifth Today’s inventory of residential properties along the Front Range is… Double what it was in 2021 (the all-time low) Half of the long-term average (going back to 1985) One-Fifth of what it was in 2006 (the all-time high)
Fun Facts $44 Trillion Have you ever wondered how much all of the residential real estate in the U.S. is worth? It’s $44.5 trillion. That’s 44 with 12 zeroes after it. This data comes from the Federal Reserve’s Quarterly “Z.1” report. The total valuation increased by $2.4 Trillion over the last quarter and is essentially flat compared to one […]
Fun Facts Tailgate Time! Today’s fun fact is that today is our annual Tailgate Party to benefit the Windermere Foundation. You are invited!  Feel free to stop by our Fort Collins office located at 255 E. Monroe Drive right by Trader Joe’s. All of the fun will be set up outside of our office. We have food, drinks, music, […]
Fun Facts Ups and Downs Here is a look at how the market performed in August versus August 2022   Prices: Larimer County Up 4% Weld County Up 8% Metro Denver Up 6%   Transactions: Larimer County Down 18% Weld County Down 31% Metro Denver Down 15%   Inventory: Larimer County Up 18% Weld County No Change Metro Denver Down […]
Fun Facts Where It’s At New Homes are where it’s at. By ‘it,’ we mean inventory. Given low supply of existing homes, home buyers have figured out that new homes offer an effective place to find homes for sale. Here are the stats… Inventory of existing homes is down 7.7% year over year. And, last year’s inventory was historically low. […]
Fun Facts Protesting! The number of protests filed with Colorado’s 64 county assessors increased 300% in 2023 compared to the average number of protests from the previous three assessment cycles. Property owners filed at least 308,298 protests with Colorado’s 64 county assessors this year, which compares to an average of 103,000 annual protests in the last three assessment […]
Fun Facts Showings to Sell How many showings will a property have before it sells? In Northern Colorado, the answer is eight. This is according to our local MLS system called IRES which tracks the median number of showings a property has before going under contract. This information is valuable to sellers so they can have realistic expectations while starting […]
Fun Facts Larimer Resilience To see the resilience of the Front Range market, look no further than Larimer County. The average price for closed single-family homes in the month of July was $724,000. This is only the third time in history Larimer County has exceeded $700,000 for average price in a month. July’s average price is a whopping 12% […]
Fun Facts Higher Better The higher-end market in Northern Colorado, in terms of number of closings, is faring better than the overall market. When we look at the number of homes selling today and the price point of those homes, properties priced above $1,000,000 are performing better than the market as a whole. The number of closings occurring now […]
Fun Facts Year to Date Here is an interesting look at the market year to date versus the same time period in 2022. Bottom line, the number of transactions is down considerably, and prices are flat to slightly down. Larimer County = Sales down 17.5%, prices up 0.7% Weld County = Sales down 29.6%, prices down 2.2% Metro Denver = […]
Fun Facts New Opportunity One of the many opportunities for buyers today is new construction. In Northern Colorado, just under 25% of all available homes for sale are brand new homes. That percentage is roughly 50% more than normal. Buyers who are looking for a greater selection can consider new homes. New homes offer obvious advantages like trendy finishes […]