Are you looking to sell or buy a home and want to know how the housing market is doing? Selling and buying a house can be exciting, but it is very important to know what is going on in your community. Let’s talk about Northern Colorado in specific Greeley, Colorado. Greeley is home to around 100,000 individuals and continues to grow at a very fast rate. The housing market in this rapidly growing city continues to outpace supply.
Supply Verse Demand
As of August 25th, 2020, it is slightly a seller’s market with the median list price of a residential home at $365,000. The average price per square feet comes in at $147.00 and on average a home has been on the market for 50 days. Sellers benefit from low supply and high demand assuring that your home sells quickly and without much hassle.
Real Estate growth in town might correlate with the super low mortgage rates that have impacted housing demand. This is a great time for buyers to score an amazing rate. There is no better time to own a home considering the median rent in Greeley is about $1595.00 a month. The wide range of home prices gives buyers the opportunity to choose from the least expensive home on the market today coming in at $140,000.
In order to take advantage of your housing market, keep an eye out for houses that meet your budget and start exploring your mortgage loan options. On the other hand, if you are considering selling, right now is a great time because it gives you the opportunity to sell at a great price due to the high demand of housing. There is enough interest to meet the desired price you want for your home and the market gives you the option to choose a strong offer. Timing and opportunity are crucial and Real Simple Housing is here to guide you and your family towards the right direction.
Contact us now to get all the resources you need to get started.