Keller Williams Realty of Northern Colorado

May 2010 Fort Collins Real Estate market statistics are in. Each month we track the following leading market indicators for Fort Collins, Colorado:

• U/C = Under Contract
• Solds = Number of sold properties
• MSI = Month’s Supply of Inventory

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MSI Defined: The MSI is an estimate of how long it will take for all the homes in a market area to be sold, or absorbed, based on the number of homes currently on the market and the rate that homes have sold in the past. A market is considered balanced when the MSI falls between 5-7 months. Under 5 months is considered a seller’s market and over 7 months is considered a buyer’s market.
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To properly examine the market, we explore the three indicators separately for single-family detached homes and single-family attached homes. Here is what we found in May:

Single-Family Detached Homes
The two-year comparison from May 2008 to May 2010 shows a slight increase in the number of sold single-family detached homes. The number of under contracts was down, however, this could be due to the spike in April under contracts caused by the Home Buyer Tax Credit April deadline. The MSI continues to hold at  a stable 5.2 months, indicative of a balanced market.

Single-Family Attached Homes
The MSI for single-family attached homes increased in May, however, it is still within the balanced range of 5-7 months. Keep an eye out for June statistics to see if the bump in March and April under contracts leads to an increased number of sold single-family attached dwellings in June.

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Posted By: Keller Williams Realty of Northern Colorado – Fort Collins Real Estate Agents,
specializing in Fort Collins Real Estate and Northern Colorado Real Estate
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