Strong Start
April real estate is off to a strong start in Northern Colorado.
Larimer County sales are up 20% compared to last April. Pending sales are 7% higher.
Weld County sales are up 16% and pendings are up 30%.
This is despite the fact that rates are slightly higher than one year ago.
It looks like a strong spring is in store for NoCo.
A Rate-Induced Pop
The recent drop in mortgage rates triggered a measurable uptick in sales activity.
So far through the first 10 days of November, pending activity in Northern Colorado is up versus the same 10 days last year.
This is despite interest rates being higher than they were last year.
Mortgage rates just had their biggest one-week drop in over a year and buyers clearly responded.
Pending sales through November so far are up versus last year:
48% in Larimer County
20% in Weld County