Greeley CO October 2011 Real Estate Market Report

Here is the Greeley CO October 2011 Real Estate Market Report:

October Property Sales were 107, up 16.3% from 92 in October of 2010 and 5.3% lower than the 113 sales last month. October 2011 sales were at a mid level compared to October of 2010 and 2009. October year-to-date sales of 1,039 are running 5.6% behind last year's year-to-date sales of 1,101.

The Median Sales Price in October was $134,900, down 0.6% from $135,750 in October of 2010 and up 3.5% from $130,400 last month. The Average Sales Price in October was $137,339, down 17.6% from $166,606 in October of 2010 and down 10.8% from $153,894 last month. October 2011 Average Sales Price was at the lowest level compared to October of 2010 and 2009.

The Total Inventory of Properties available for sale as of October was 470, down 0.8% from 474 last month and down 24.3% from 621 in October of last year. October 2011 Inventory was at its lowest level compared with October of 2010 and 2009. The Average Days On Market for October was 90, up 20.0% from 75 days last month and up 2.3% from 88 days in October of last year. The October 2011 Average Days On Market was at a mid level compared with October of 2010 and 2009.

The data for Greeley CO, while mixed, are indicating some signs of modest improvement - sales are showing a seasonal downward trend, but to a lesser extent than would be expected. Price data is mixed, and inventories are declining. It is still a very good time to consider buying - there are still some great opportunities to find nice homes at very attractive prices, and interest rates are still at historic low levels.

If you're curious about what's available, Search Real Estate Listings for the homes currently on the market in Greeley CO. We'd would be happy to show you any of these homes that seem to meet your interests - give us a call and we'll set up some showings at your convenience.