First-quarter report: Housing appreciation slows down

With three months behind us in 2017, we are beginning to recognize a shift toward normalization in home-price appreciation across most of Northern Colorado. With the notable exception of Estes Park (more on that later), average price increases have stopped short of 10 percent through the first quarter for the rest of the region’s submarkets.

Compared with the first quarter of 2016, average price appreciation is 7.4 percent regionwide. Last year at this time, the regional average increase was 10.9 percent. The Greeley-Evans submarket comes close to the double-digit…