Is Autumn a Good Time to Make a Move in Fort Collins, Colorado Real Estate
Is Fall a good season to buy and sell real estate in Fort Collins, Colorado?
Autumn. The kids are back to school, the leaves change colors, the weather cools…at least at night. When it comes to closed sales, fall is for sure slower than summer in real estate. So, is this a good or a bad time to list your property for sale, or look for that dream home to purchase?
Like many great questions, that answer depends on a few different variables. Year over year, there are approximately 55 fewer closed sales during the month of August than during the month of June. So, there is less market activity. Scroll over or tap the chart lines. Activity peaks in June and pits in January.
COOL FEATURE! Scroll over or tap chart lines for time specific data boxes to enhance this interactive experience!
Data compiled and formatted by Infosparks. I access this service through our multiple listing service, IRES.
Fort Collins and Loveland, Colorado Real Estate Inventory
Have a look at the inventory of homes for sale in Fort Collins and Loveland. Be sure to use the very cool interactive feature by scrolling over or tapping the chart lines, so you can follow along month by month. As you’ll see, there are more homes for sale in August and September than in June, by a similar margin of our rough average from above—55.
So, in June 2017, there were 490 homes for sale in Fort Collins, Colorado. In August 2017, there were 525 homes for sale in Fort Collins. As for the closed sales, June 2017 saw 373 closed sales. In August 2017 there were 310 closed sales.
Fort Collins and Loveland Real Estate Dollar Volume
June 2017 – 490 Homes for Sale and 373 Closed Sales for a Dollar Volume of $150,725,604
August 2017 – 525 Homes for Sale and 310 Closed Sales for a Dollar Volume of $123,769,797
I don’t think the dollar volume has as much to do with the situation as the inventory and number of closed sales. It doesn’t seem like the prices dip that much from summer to late summer/fall. I think that riding the wave of this annual scenario to your benefit has more to do with convenience and pleasantness of experience.
Now, if you have to shop in June, we can get it done with no problem. However, if your timeline is totally open and you can shop how you like, you might want to consider August/September/October and after to ramp up your search because of the following reasons.
- More inventory + fewer closed sales = less frantic.
- I can never promise that things will go perfectly, without any headaches or challenges. But if there is more to choose from and less competition..well, that’s a good start.
- The ‘my kids have to be in school’ shoppers. This is a real thing. People who really want to land somewhere before school starts in August are motivated to get the job done. They are worthy competition, and bless their efforts, I understand how they feel.
- Avoiding this rush on the market can just make things a bit easier for you.
We don’t always get to choose the “perfect” time to sell our homes and find a new one, but if you can engineer it to any extent, it could be worth your while to avoid the peak real estate months, and wait until some calmer times.
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