NoCo Real Estate Summit: Low inventories, price appreciation to continue
LOVELAND — Northern Colorado’s residential real estate market continues to suffer from record-low inventories, helping to drive up prices at dramatic rates.
That trend is expected to continue through 2022, Dennis Schick, broker/owner of Re/Max Alliance, told a crowd Wednesday at the Northern Colorado Real Estate Summit. Schick delivered a residential forecast at the conference at The Ranch event complex in Loveland, attended by more than 350 people.
“We are nervous,” Schick said, noting low inventories and high inflation, including for products such as lumber, which has increased in price by 254% since the onset of the COVID-19 pandemic.
Comparisons between February 2022…
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