Buyer interest remains, however low inventory and steady housing prices continue to dictate Colorado’s housing market. The number of buyers is still strong, but with traditional seasonal cooling in conjunction with the low inventory and steady median housing prices, buyers have a bigger challenge. Inventory supply for single family homes throughout the state remain relatively flat at 2.6 month,s while condo/townhome inventory stands at 1.9 months. These both remain approximately 30 percent below August 2016 inventory supply.
Bottom line, if you are a Buyer, have your lender letter in hand and be prepared to act quickly.