Real Estate on the Front Range

Here is the latest data for the Northern Colorado housing market. I highlight mortgage interest rates and other key metrics so that you can see how the market is trending.

Check out the latest data on the current real estate market trends, including a detailed look at mortgage interest rates. This housing market update examines the overall housing market here in Northern Colorado and what it means for buying a home and investing in real estate. Stay informed with the newest interest rates and market analysis.

The end of summer is upon us. In this update I show how the market is trending in Northern Colorado and who it is starting to favor more, buyers or sellers. I also cover mortgage interest rates and a recent update to the mortgage interest rate forecast from REALTOR.com.

The Spring market is over.  While we saw some pockets of accelerated activity across the Front Range, we also saw homes sitting on the market for extended lengths oftime.  Inventory has increased but buying activity is not keeping up.  The result?  We are edging toward a Buyer’sMarket.  In fact, some areas, especially the mountain towns, are already in a Buyer’s Market, according to the Month'sSupply of Inventory metric.  We are also seeing a significant amount of price reductions.  Builders are offering great incentives on their standing inventory.  If you werewondering if now is a good time to buy, it is, as long as you are planning on owning the home as a long term investment. If it helps, Barbara Corcoran, a popular real estate mogul, thinks the market we’re in is a good one to buy in. 

For the selling side of things, many of you are enjoying amortgage that has a rate below 4%, some even below 3%!  My honest professional advice?  Hold!  Unless you really, really want to move and it makes good sense.  Otherwise, enjoy that low mortgage rate!

The Spring market in Northern Colorado is tapering off.  While some homes sold quickly and above list price, many more have sat on the market and sold below list price.  This is not great news for sellers but provides opportunities for buyers to find good deals.  Some sellers are motivated to sell in this type of market so they are willing to accept lower offers and may offer money to buyers to pay down the interest rate.  Builders are especially motivated to sell their current inventory and are offering incentives to buyers such as lower mortgage interest rates and price reductions to make homes more affordable to a larger segment of themarket. 

If you have any questions or need help with real estate, don’thesitate to get in touch!

Regards,

Sean

In this market update you’ll see evidence of a Spring market with somewhat mixed results.  That is, in this market, some homes are moving quickly while others sit for weeks or even months.  Interest rates are hovering just below 7%, with small fluctuations daily.  FHA and VA loans are right at 6.25%. There are opportunities out there if you are able to afford a home in this market.  Some sellers are willing to negotiate and some builders are offering great interest rates or other incentives to get rid of their existing inventory. 

If you or someone you know needs help with real estate, don’t hesitate to get in touch.  I’m here to help if you need anything.

The Spring market is here and we’re seeing mixed activity.  The Buyers with big pockets are out but they are picky about what homes they are pursuing.  Some Sellers are seeing multiple offers and some are seeing multiple weeks on the market with no activity.  Mortgage interest rates have fluctuated significantly in the last week due to the market’s response to the tariffs.  In real estate news, some headlinesare helpful and some are click bate and produce fear.  I highlight a couple of recent headlines that can be misleading until you read the finer details. 

We are heading into the Spring market here in NorthernColorado.  Mortgage interest rates are slightly lower.  Things are heating up in some areas and not so much in others but we are seeing more activity.  If you or someone you know is thinking about buying or selling, knowing the hyper-local market you are in will make a big difference in your decision-making process and your ability to negotiate. 

Questions?  Don’t hesitate to get in touch if you want to discuss what your next move.

We’re over a month into 2025 and seeing some interesting activity along the Front Range.  Boulder County saw less pending and closed sales compared to last year at this time while Larimer County saw an increase in both metrics.  While pending sales are down, Weld County saw a 15.6% increase in closed sales compared to last year.  Mortgage interest rates were in the upper 6%range at this time last year so it is significant that we are seeing more buying activity on the market.  New listings were up in all three counties with Weld seeing a 10.2% increase, Larimer 16.6%, and Boulder County saw a 5.6% increase.  Homes are staying on the market a few days longer before going under contract compared to last year.  However, while we don’t have February’s data yet, I am seeing some homes fetch multiple offers and going under contract over list price.  It is an anomaly to see this, but it is happening.  The Percent of List Price Received year over year was slightly down in the month of January but I suspect it will show an increase when we look at February’s data based on some of the yet to be recorded market activity that I am seeing.  The amount of inventory has gone up along the Front Range, in part because of some homes staying on the market longer, but also because we are seeing more listings coming on the market. 

We are promised a more active Spring market now that the election is over, at least that is historically what has happened in 9 out of the last 11 elections, regardless of which party has won the White House.  Based on what I’m seeing out there, there is some good activity on the market.  What would bring more buyers on the market is lower mortgage interest rates.  We’ll see if that happens, and if it does, we’ll see a very robust Spring market. If it doesn’t, there is still a segment of the market that is willing and able to buy a home in this market despite the affordability factor that sidelines so many prospective homeowners.

Here is my first market update for the new year! I highlight the market trends that finished off 2024 and cover some of the predictions for 2025.