November 2021: Longmont Real Estate Stats

The year is coming to an end and the real estate market has continued to both surprise and impress us throughout. After a crazy spring and summer, it may have seemed that things have started to slow down with homes sitting on the market longer, and prices no longer skyrocketing. However, once we take a look at the numbers from November, those assumptions about a slowing market are proven to be wrong. So, let’s take a look at what’s really going on out there.

This chart was put together by Kyle Snyder at First American Title, showing November 2021 stats for the Longmont area:

As we can see, home prices are continuing to rise while inventory continues to decrease. The average number of days a home is on the market in our area is just 8.5, and “Average and median sales prices are rocking to another 20+% year over year increase and it’s even up a fuzz in an October to November comparison,” according to Kyle. So, while things may feel like they are slowing down or balancing out, it is simply not the case.

To see how much the market has changed, or stayed the same, over the past few years you can read a previous blog reviewing the 2019 Longmont Real Estate Market.

Please reach out if you have any questions about our current market here in the Longmont and Northern Colorado area.