Colorado Association of REALTORS | Northern Colorado Market Halts and Starts Again
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Northern Colorado Market Halts and Starts Again

FORT COLLINS, CO, USA - MAY 20, 2016: Aerial view of typical residential neighborhood along Front Range of Rocky Mountains in Colorado in springtime
Jul 21 2022

Northern Colorado Market Halts and Starts Again

Many factors are at play in what CAR spokesperson Chris Hardy says is a boom-start-boom market. Consumer’s competing offers in March and April were followed by a housing market break and family vacations in June. CAR’s Market Trends report for June shows a different story than what REALTORS® are seeing in the field. In 2021, there was only two weeks’ worth of inventory on the market, and in 2022, the number is two months. REALTOR® Eric Thompson says, “The reason we’re not seeing that yet in the numbers is that properties closed in June went under contract in April or May, during a more fast-paced market,” he said. “Over the next 60 days, the pace of price appreciation will slow down and days on market will start to change.”

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