Is Now The Right Time to Buy or Sell Real Estate in Northern Colorado?

So is now the right time to buy or sell real estate in Northern Colorado?  Well let’s look at some simple facts about our market today:

1. Interest rates continue to stay in the sub 5% range, which is outstanding.  Yesterday I saw rates in the 4.5% to 4.75% range.

2. Pricing is still very competitive.  According to FHFA (Federal Housing Finance Authority) latest quarterly report on housing prices & appreciation it shows Fort Collins-Loveland market is only down 1.49% over the year, down .80% over the last quarter and down 4% over the last 5 years.  What this means is competitive pricing for buyers and not a significant loss for sellers.  Compare that with Phoenix, AZ where their home prices have fallen 11.59% over the last year, 4.87% in the last quarter and a whopping 44.02% over the last 5 years.

3.  In Fort Collins-Loveland inventory is down across the board by approx 13-15%.  Good, clean homes are hard to find and we are seeing multiple offer situations and homes being sold before they even hit the MLS.

4.  Lots of positive press and leading economic indicators are pointing to good things for our market in the near future.

I enjoy reading and following David Bach, author of the FinishRich series.  He posted a great blog article today asking the question “Is now the right time to buy real estate?”.  His answer, yes!  Here is the link to his article, http://www.finishrich.com/blog/is-now-the-right-time-to-buy-real-estate/