This is the fourth in a series of reports on 2012 Northern Colorado Real Estate Market Trends, looking at specific indicators relating to market performance over the last two years. We're defining the Northern Colorado market to consist of Larimer & Weld Counties, including Fort Collins, Loveland, Estes Park, Greeley, Windsor, Berthoud, Johnstown and Wellington.
There seems to be a slight but visible upward trend in average days on market - an indicator of how long it takes homes to sell, from the time they come on the market until a transaction is closed. And here again in this graph, we can see what appear to be seasonal effects. There is little doubt that homes tend to sell faster, as well as in greater quantity (as we saw in the previous graph on number of homes sold) during the warmer months. But it is our opinion that another factor is also at work here - these days it just takes longer to close a transaction once it goes under contract - part of the reason for this is a greater level of complication in the lending process. So it's unclear whether this data has any deep significance in regards to a regional housing recovery, other than to note that it has been relatively stable.
If you would like to follow Northern Colorado Real Estate Market Trends more closely, with detailed looks at specific community data and market segment breakdowns, please subscribe to Mary & Dicks Blog - we report regularly on what's going on throughout Northern Colorado, and we'd love to have you join us.
Mary & Dick Greenberg
Data Source: IRES MLS