Longmont Housing Numbers for March

March posted some great numbers for Longmont. Let’s see if we can keep it going.....


For Single Family Housing in Longmont we showed an overall increase in Average Sales Price of 17.6% from last year. Meaning $265,662 vs. $225,968 in March of 09. Days on market crept up just a bit to 121 days vs. the previous March 09 number of 107. Also, two interesting numbers are the total homes sold year to date and total number sold in March. Interestingly enough YTD sales are down roughly 2% at 153 vs. 156, however March sales are up this year 37.5% over last. 09 turned out 56 sales and 10 turned out a whopping 77, you can see the buyer programs at work there! April may prove to show is some interesting numbers as the close of the tax credit creeps upon us.


Attached Dwellings saw some changes as well over 2009. Average Sales Prices rose 22.3% from $148,902 to $182,065. YTD sales increased by 56%, 25 in 2009 to 39 in 2010. Totals for March were up a whopping 77.8%; however this percentage is really 16 sales Vs a prior years 9 sales in March.


I expect to see a similar move in the coming two months as the Governments Tax Incentives for buyers will ultimately hit a peak. Now the question remains...what happens next?