Northern Colorado Real Estate Market Report April 2023
The market across the NoCO and especially Fort Collins has roared back to life in the last few weeks.
The winter months felt very slow. With all the volatility in the economy and high interest rates, many buyers had a watch-and-wait mentality.
It now feels like those buyers are tired of waiting and are pouring back into the market. Multiple offer situations feel like the norm again.
Interest rates are still in the 6% range, so not a ton of relief there. But Fort Collins' single family median price has increased by $60,000 in the last 3 months! Bouncing off the bottom in January at $565,000, our median price is now $625,000.
This is a 5.6% gain compared to this time last year.
Depending on how you slice other segments of the market the numbers are mixed.
Larimer County is down 1%.
Weld County prices are unchanged.
Boulder County is up 2.3%.
For all NoCo markets combined prices are down 4.8%.
Average days on market is 23.
The average home sells for 99% of list price.