Longmont Real Estate Update

Longmont Real Estate Update: What July’s Numbers Mean for You

If you have been wondering how the Longmont market is really doing, here is your friendly, no fluff breakdown from my desk. July’s snapshot shows a market that is active, more balanced than last year, and full of opportunity for both buyers and sellers.

First, sales activity is healthy. Year to date single family closings ticked up to 531, a 2.7 percent increase, which tells me qualified buyers are still making confident moves when the right home appears. Attached homes also had a strong July, with monthly sales rising from 17 to 22, a 29.4 percent jump. That is real momentum on both sides of the market.

Second, selection improved. Active listings grew in July. Single family inventory moved from 272 to 298, up 9.6 percent, and attached inventory rose from 140 to 158, up 12.9 percent. More homes on the market means more choice and a better chance of finding a great match without feeling rushed.

Third, the pace is more relaxed. Average days on market lengthened. Single family moved from 42 to 56 days. Attached moved from 49 to 70 days. That extra time is helpful for buyers who want to compare options and for sellers who want to prepare their home to shine before the first showing.

Fourth, prices are a bit more approachable than last year. The median single family price eased to $552,450, down 6.4 percent. The median attached price moved to $426,000, down 7.9 percent. If you pressed pause in 2024 because prices felt out of reach, this is your chance to re run the numbers with fresh eyes.

So, is now a good time to buy or should I wait? Waiting for the mythical perfect moment often means missing real equity gains and better choices that are available today. National outlooks still point to prices rising at a more normal pace over time, which rewards time in the market. If you are ready and able, buying sooner can position you to benefit from that steady growth rather than chasing it later.

How quickly can I sell my home in Longmont? The average tells part of the story. Plan for roughly two months on market for single family and a bit longer for attached, then adjust based on price point, location, and condition. Well prepared listings with smart pricing still stand out and can beat the averages. If you want a tailored timeline, I will analyze your micro market and recommend a calendar that fits your move.

Here is my bottom line. Buyers have more homes to consider and a bit more breathing room. Sellers can still win with the right strategy, especially with year to date sales trending up. If you want help turning these numbers into a plan you feel great about, I am here to guide you from first conversation to closing.

Have questions about your neighborhood, a specific price range, or prepping your home for the fall market? Let’s talk through it together and map your next step.