Boulder Real Estate: Longmont, CO Real Estate Update

One of my clients closed on her new home in Longmont yesterday and I thought it would be interesting to post some Longmont real estate statistics covering the past 12 months.  With all the negativity in the national media, it's easy to forget that real estate markets tend to be intensly local.  Longmont real estate is no different.

It's interesting to note that over the past 12 months, IRES data reflects a Longmont residential re-sale market that is actually improving.  The median price of a sold listing rose about 7%, the number of properties under contract is up, and the MSI (months supply of inventory) is down about 32%.  These are all signs of an overall market that may be different from what some perceive.  Of course these statistics will vary by location and price range within Longmont, but it is encouraging to see overall statistics that are improving - even if they're not dramatic.

If you're interested in searching residential inventory in any Boulder real estate market, including Longmont, please feel free to visit us online at www.boulderhomeresource.com.