Mary & Dick's Blog

Greeley CO Real Estate Market Trends Report for June 2015

This is the Greeley CO Real Estate Market Trends Report for June 2015

 

 Greeley CO Home Sales May 2015

Home sales in Greeley declined in May 2015, dropping 13.5% to 156 homes sold from 177 sold in April 2015, but up 14.7% from 136 sold in May 2014. This could be a normal monthly variation in a generally upward trend for the season, and it’s too soon to know if it is something of greater concern - next month’s data will give us a better idea of what it means.

 

Greeley CO Home Prices May 2015

Home prices declined slightly in May 2015, with the median price falling 2.3% to $220K from $225K in April 2015, while the average price remained almost the same at $240K from $241K in April 2014. With these numbers specific to only those homes that sold during May 2015, the trend line for prices continues to show long-term gains.

 

Greeley CO Home Inventory May 2015

Inventory, however, is not responding as we would expect for this traditionally busier season. Our inventory reporting has changed to track only those homes that are actively still for sale, and that clearly shows a lack of sufficient availability for market balance. The number of active listings in May 2015 dropped 5.4% to 129 homes on the market, from 136 in April, and the months supply of inventory (MSI) is now at 2.8 months, indicative of a seller’s market.

 

Summary:

The Greeley real estate market has not shown as much strength as we would have hoped moving into spring. While sales are running ahead of last year, and prices are continuing to rise, inventory is not keeping pace, and a lack of available homes will have a slowing effect on the market. And with buyer demand expected to remain high due to good regional economic growth, we anticipate further upward pressure on prices.

 

If you want to browse the current inventory, check out at Homes for Sale in Greeley CO. If you find a home you would like to see, please let us know - we would be happy to schedule a showing for you at your convenience.

Mary & Dick

Mary & Dick Greenberg
New Paradigm Partners LLC
2601 S. Lemay Ave. #41
Fort Collins, CO 80525
970-689-4663
www.maryanddick.com

 

Data Source: IRES MLS

Comment balloon 3 commentsDick Greenberg • June 04 2015 08:48AM

Comments

 

Very Informative blog about local market conditions, Great to see that market in your area is very good. Best Wishes!!

Posted by Jacob Thomas, Weston, Davie, Coopercity, Southwest Ranches, Miramar Realtor, South Florida Estate Homes Inc. (South Florida Estate Homes Inc) over 3 years ago

Hi Dick - your insight into the local Northern Colorado real estate markets provides prospective buyers and sellers a very knowledgeable perspective that will serve them well when they choose you and Mary Greenberg for representation.  

Posted by Michael Jacobs, Los Angeles Pasadena Area Real Estate 818.516.4393 (Coldwell Banker Residential Brokerage) over 3 years ago

Dick - Very impressive real estate market report for Greeley, Colorado in June 2015.

Posted by John Pusa, Your All Time Realtor With Exceptional Service (Berkshire Hathaway Home Services Crest) over 3 years ago

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