Thursday, June 10, 2010

Longmont Real Estate Market Update

Here are the statistics for the real estate market in Longmont for the last 6 months.  This includes single family homes and attached dwellings.  As you can see, inventory (home on the market for sale) is up 15%.  The amount of properties that are under-contract is up 45%!!  Look at the properties that have sold, up 128%!!  Of course, this is based on the last 6 months, so is taking data from December on.  The winter months were not stellar for real estate sales, but this is a great indicator that the market is improving.  A big swing was the home buyer tax credit, which has expired, but interest rates are low and home prices appear to have bottomed out.  Now is the time....if you are a first time home buyer, or looking to move up, down or sideways...take advantage of the great prices and great interest rates!
Contact me if you would like more information.

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