August 2019 real estate results continue to show some interesting results. While sales edged down as would be expected as we move into a slower fall season, inventory has not yet begun to increase. And while home prices are erratic, the trend line is about where we would expect from an imbalance in supply and demand - heading generally upward. While slower times no doubt lie ahead, a strong regional economy will continue to generate job growth and housing demand. We’ll be watching the national economy closely, though, as uncertainty there could have significant local effects.
Our most recent real estate market update - Greeley CO - takes an in-depth look at sales, price and inventory trends over the last three years, and offers some thoughts about where the market may be heading.