Home Listings up Slightly from February to March

The area housing market experienced a boost in the number of single-family detached home listings from February to March but is still down significantly from the same month a year ago in most communities as the total number of sales also lags.

Boulder, Fort Collins, Longmont, Greeley/Evans and Loveland/Berthoud all had month-to-month increases in active listings, according to figures released Monday by the IRES Multiple Listing Service. But Greeley/Evans continued to be the only local area of the five where the number of year-to-date sales has outpaced 2013.

The Greeley/Evans area has had 316 single-family detached homes sell this year, up from 287 at the same point a year ago. Median sale price of those homes in March was $184,000, up significantly from $164,500 a year ago.

With the low inventory, Boulder's median monthly price for single-family detached homes continued to soar, hitting $685,000 in March, up from $633,750 for the same month a year ago.

Fort Collins had 228 single-family detached home sales in March, with a median sale price of $255,750, up $750 over a year ago. In Loveland, 126 such homes sold, with a median price of $257,654 that was up nearly 10 percent from a year ago. Longmont's median price for its 74 sales was $270,250, up 3.7 percent from a year ago.

While single-family detached-home prices showed strong growth throughout, attached single-family sale prices lagged in March, dropping in all but one of the five local areas from February. Only Loveland had an increase in median price in the category, from $160,500 to $174,900 for the 31 listings sold.