Local housing market tells two sides of story

In July in this column, we likened the Northern Colorado real estate market to a teeter-totter. Perched high on one side is the average price. Weighing down the other side is the lack of housing inventory.

Three months later, these two market factors seem to be holding their position. We just haven’t seen much movement in the teeter-totter market. September sales data showed that regional housing inventory was down 20 percent compared with September 2015. On the other side, average home prices in September were up 12.1…