High demand uncharted water for housing market

The first-quarter sales and pricing for the four-county area show an overall 16 percent increase in the median price compared with the first quarter of 2014.

The top county for price appreciation was Larimer with a 23.9 percent increase, followed by Broomfield, Weld and Boulder counties. Home sales increased 10.6 percent compared with the first quarter last year, led by a 21.4 percent increase in Boulder and an 18.7 percent increase in Larimer County.

These are unprecedented numbers and certainly well beyond any predictions for the year. What is totally amazing is the number of homes…