Despite numbers that are down compared with a year ago, local real estate agents say they’re pleased with the way 2011 is shaping up in terms of residential home sales. In fact, they say, after years of turmoil the market seems to be getting back to a pre-recession normal.
Year-to-date through the end of June, 421 single-family homes had been sold in Longmont, a nearly 23 percent drop from a year ago. But last year was unusual because of the federal homebuyer tax credit that was put in effect in late 2009 and extended into the second quarter of 2010.
Dave Wagner, president of the Longmont Association of Realtors, said the tax credit skewed the numbers for the first part of last year and feels like the market is returning to a more normal cycle of buying and selling.
Wagner said he’s predicting that by the end of 2011, sales figures for Longmont will be off by about 3 percent when compared with 2010.
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