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There is a significant transition that is taking place in the Northern Colorado market.
There is now more inventory on the market at this time of year than at any time since 2020.
2020 marked a turning point in the market where both interest rates and inventory plummeted.
For many years, the market has been working to get back to pre-COVID levels of inventory.
It finally happened.
However, inventory is still well below 2017, 2018, and 2019 levels.
This means there is nothing resembling a ‘glut’ of inventory.
But, this milestone is significant.
