There are so many positive things in the January 2012 Longmont Residential Sales Report that I hardly know where to begin. A 15.2% increase over January 2011 is a really good start to the year. Additional gains in both Median and Average Sales Price are nice, but I don’t put too much stock in either of these numbers, especially not with such a small sample. The low number of Active Listings is a really nice way to enter the rush-to-market that happens in March.
There are several other equally nice items sprinkled through out this report. Other numbers aren’t as positive, but there is one thing that I just can’t keep my eyes off. Look at the pretty little trough etched into the bars that make up January sales over the past 6 years. They are all grouped together, decline slightly for four years, then crawl upward ever so slowly. That graphic encapsulates how I see this market over the next several years…having dropped over years and slowly crawl back to life. If February posts number above 47 it will have a similar look to it and I might just become giddy.
Look for the Denver Metro Area Stats and our full Boulder County Residential Stats piece to be posted, along with other locally relevant resources, here by about February 17th.
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