Colorado's real estate market is still considered one of the hottest in the nation.
We are hearing all kinds of predictions as to it being positive and negative news. Even though we have seen the local market slow down some this Fall, the fear that most see is the possibility of having another housing bubble.
According to Mark Zandi, Chief Economist of Moody's Analytics, new construction has picked up in recent years, but it remains well below that needed to meet demand from newly found households, second home buyers, and obsolescence of the existing stock of homes.
In our local market, Greeley, Loveland and Fort Collins, here is our economic snapshot of what is happening with the supply of new listings and the number of units sold.
Units Listed - Single Family & Attached Dwelling
YTD* Units Sold - Single Family & Attached Dwelling
Source: Ires, LLC | Areas listed as represented by IRES-MLS defined areas | *YTD represents through the month of September
If you would like more information, call Bev at 970-631-7111 or if you would like a FREE E-guide to buying or selling this Fall.