I'll keep this post short and sweet, because it's filled with numbers. We've come a long way from the bottom, trust me. It was around this time 5 years ago that we started getting wind of an impending "economic slowdown". Fast forward - the past 5 years have been a rollercoaster of ups and downs, good news and bad. Here's the story of how far we fell and how far we've come since bottom.
Keep in mind, for these numbers to make sense, I've only used numbers through October because so far in 2012, we've only had figures through October. Also, this only measures single family, detached homes (condos/townhomes not included - but show very similar trends).
You'll see that both in Fort Collins and Loveland, we're already heading back to PRE-recession levels on both volume and sold listings. What that means only 2 years after coming off the bottom, we're already back on track, the stock market can't even boast this. The only thing threatening these recoveries (outside of the fiscal cliff) is the lack of active, available listings to buy in Northern Colorado. Keep in touch with the market trends by checking updated stats here.
Jared Reimer is a real estate broker with Prudential Rocky Mountain Realtors in Northern Colorado. Real estate is his passion and he always wants to connect with like-minded and savvy real estate fans. For more information or to get in touch with Jared, please visit his website at www.ReimerRE.com or email him at JaredReimer@ReimerRE.com