Fort Collins, CO housing market

The story in Fort Collins this June is patience, and it is running out for sellers who ask too much. Homes are taking about forty-five days to sell, which gives buyers room to shop, negotiate, and wait. That patience is showing up in prices. The typical home is worth about five hundred seventy-nine thousand dollars, down roughly half a percent over the past year. It is a small decline, but the direction matters when nearly a quarter of listings are already cutting their price. About 22 percent of homes on the market have taken a price cut, a clear sign that first asking prices are landing too high. There are around 626 homes for sale, with about 350 new listings adding to the mix. The median list price sits near five hundred sixty-seven thousand dollars, just under what typical homes are actually worth. If you are selling here, price it right the first time. Overprice, and you will likely sit for weeks and cut anyway.