Local housing market slows to ‘fun pace’

FORT COLLINS – Two years ago, this city’s residential real estate market reached such a fevered pitch that Realtor Michael Hurd often warned clients that if they didn’t make an offer on a house the afternoon they looked at it, it likely would be gone the next morning.

“I’m not telling people that any more,´ said Hurd, a partner in The Group Inc.

“It’s still real busy, but it’s a much more fun pace. It wasn’t fun before. We were short on inventory, and everybody was fighting for a contract,” Hurd said.

Average residential prices are up, but the market pace has slowed…