We can just start to get a glimpse of where the market may be heading, and early signs suggest the year ahead will be much like the previous one. Of more concern are the structural problems that several years of low inventory and rising prices have caused. While buyer demand remains strong due to a strong regional economy, we also have a continuing shortage of affordably-priced homes to meet a good portion of that demand. Many of those buyers are seeking other alternatives, such as renting, so it appears the days of a strong boom market may be over for now.
Our latest real estate market update - Fort Collins CO - takes an in-depth look at what the trends are telling us about recent sales, prices and inventory for the city. Take a look and see if you agree with us.