February 19, 2016

Listings down; Jan. housing sales trail 2015 pace

There are some predictions we’d rather not see come true. But after the first month of 2016, it appears that our expectations about the availability of housing supply across Northern Colorado are quickly taking shape.

As we forecast, active listings at the end of January were down from the same time last year by 10.12 percent — from 3,591 to 3,228 — and a tight supply is creating consequences.

With fewer homes to choose from, it’s difficult for buyers to find the right properties. As a result, total housing sales essentially are flat compared with…

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