Here we are halfway through the summer already! Time flies when you are having fun I guess!
I want to get you the update on the quarterly real estate market absorption rate that I analyze each quarter for Fort Collins. As a reminder, inventory or Absorption Rate is the amount of time it would take to sell all of the homes on the market today, if no more homes were to be listed. We have been hovering around 1.1 months to 1.3 months for over a year now (SUPER low inventory, a balanced market is 6 months of inventory according the National Association of REALTORS). But we are seeing a slight uptick to 1.58 months at the beginning of July. While that is still very low and certainly a seller’s market, we are seeing more homes hit the market and sit around for a week or two, which is providing great opportunities for the buyers I have been working with. It is a slightly less daunting market than it was in March.
If you are interested in learning more about how this could be an opportunity for you as a Buyer in the Northern Colorado area, please feel free to give me a call or shoot me an email! Enjoy your week!