📊 Fort Collins & Loveland Market Snapshot! 🏡

Dear Friends,

As we navigate the final months of 2024, let’s take a look at what’s been happening in the Fort Collins and Loveland real estate markets. From median prices to inventory levels and days on market, here’s a comprehensive view of the trends that are shaping opportunities for buyers and sellers alike.

Median Prices: A Snapshot for Buyers and Sellers

In Fort Collins, single-family homes with four or more bedrooms began 2024 with a median sale price of $682K. As of September, that price has slightly dipped to $670K—a relatively minor change, showing that prices have held steady overall this year.

Meanwhile, Loveland has seen a bit more fluctuation. The median sale price for similar properties started the year at $525K and has risen to $631K by the end of September. While there was a notable spike in March that took the median price up to $681K, the market has since stabilized, reflecting a slight but consistent upward trend in value throughout the year.

For sellers, this stability is a positive indicator that values are holding strong, even as some price adjustments occur. Buyers, however, should be encouraged by these shifts, knowing that the market isn’t experiencing extreme price increases, which may make this a good time to explore opportunities.

Inventory Levels: What More Homes on the Market Mean

Inventory levels have seen significant growth since the beginning of the year. Fort Collins had around 115 properties on the market in January, but by September, that number almost doubled to 211. Loveland experienced a similar increase, going from 62 properties in January to 137 by September.

This increase in inventory is great news for buyers! More homes on the market mean more choices and often increased negotiating power. For sellers, though the market is more competitive, steady prices indicate a strong foundation.

Days on Market: Timing for Buyers and Sellers

Days on market (DOM) is a valuable metric for gauging market pace. Fort Collins began the year with an average DOM of 73, which has since decreased to 53 days by September. Loveland saw similar consistency, moving from an average of 43 DOM in January to about 48 in September.

For sellers, this means that properties may take a bit longer to sell, but that buyers are active and engaged. For buyers, the relatively stable DOM offers a window to explore listings and find a property that meets their needs without rushing.

Months of Inventory: A Balanced Market

We also look at months of inventory to understand market balance. Earlier in the year, both Fort Collins and Loveland had around 1.5 months of inventory. As of September, this has increased to 3–3.5 months for both cities. Typically, more months of inventory give buyers more leverage, while fewer months indicate a seller’s market. Currently, the Fort Collins and Loveland areas reflect a balanced market with opportunities for both sides.

What Does This Mean for You?

If you’re a buyer, now may be an ideal time to consider purchasing with more homes to choose from and some room for negotiation. For sellers, the steadiness in median prices and DOM means properties are still in demand, though the sales process may take slightly longer.

Whether you’re buying, selling, or simply watching the trends, I’m here to help guide you through the Fort Collins and Loveland real estate landscape. Feel free to reach out with questions or to discuss your next steps!

Ready to make a move? Contact me today to explore what’s possible for you in Fort Collins and Loveland.

Thanks for reading,

Scott Lowe
Grey Rock Realty