Social Links Widget

Click here to edit the Social Media Links settings. This text will not be visible on the front end.

Fun Facts • Windermere Real Estate • February 7, 2020

Supply and Demand

by Fort Collins
Northern Colorado gave us a real-life economics lesson in January 2020.

Compared to one year ago…

  • Inventory was down 10% (Supply)
  • Homes under contract went up 31% (Demand)
  • Prices were up 5% (Result)

 

If you would like to see a video recap of our annual Market Forecast you can watch that HERE.
Related Articles
Fun Facts More Powerful As the saying goes, Superman is more powerful than a steaming locomotive (and able to leap tall buildings in a single bound)! In real estate, supply and demand is more powerful than interest rates (and able to push price appreciation year after year)! The fact that prices keep rising in Northern Colorado, even though interest […]
Fun Facts Most Surprising News The most surprising piece of news for our friends and clients is that prices are essentially flat compared to last year.  People find that surprising given what interest rates have done over the last 18 months.  They wonder, how could prices not fall significantly after interest rates jumped considerably?  The answer is the fundamental economic […]
Fun Facts Who Would Have Guessed? Pretend it is 2013. The real estate market is clearly recovering from the Great Recession. The Broncos are having a great year and will eventually make it to the Super Bowl. Now, imagine someone makes a prediction that 10 years in the future mortgage interest rates would double over the course of 12 months. If […]
Colorado Professionals - Windermere
Terms of Use  &  Privacy Policy
Accessibility Statement | Fair Housing Notice
© 2024 Windermere Real Estate