During a time of varying opinions and heavy speculation about the Front Range real estate market, let’s see what the actual numbers are telling us:
Inventory is up significantly year over year:
- Larimer County = +48%
- Weld County = +52%
- Metro Denver = +74%
However, supply is still low as measured by months of inventory:
- Larimer County = 1.1 Months
- Weld County = 1 Month
- Metro Denver = 1 Month
Transaction count is down as the pace of sales is slowing:
- Larimer County = -24%
- Weld County = -15%
- Metro Denver = -19%
Yet, average prices are still up versus last year:
- Larimer County = +18%
- Weld County = +10%
- Metro Denver = +14%