Longmont, CO home prices have doubled since November 2008, from $205,454 to $406,762. That’s roughly 12% appreciation each year. Home buyers are finding that these homes are selling like hotcakes. The recent rise in prices is being driven mostly by low supply, which makes it different from the frenzy that created the housing bubble, and the recession, in the first place. Longmont is in high demand as first-time buyers, it is the only sub-$400,000 market in Boulder County. But those days of affordability might be over. Longmont first crossed the $400,000 average threshold in September 2016, and will likely continue to do so throughout 2017. There are no indicators saying this trend will change anytime soon.
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