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.
January 2012 Longmont Area Residential Sales Statistics