A significant dynamic in the Front Range market is the relatively low inventory. This is the main reason why prices are stable despite higher rates.
Here is some perspective on the inventory of homes for sale to help give some context.
Today’s inventory is:
- Half of the long-term average going back 30 years
- ¼ of the all-time high in 2006
- 3 times the all-time low of 2021
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