Housing Inventory Reaches a Historic Shortage

 

Colorado Real Estate

 

The Covid-19 pandemic has undoubtably shaken many aspects of our economy as a whole, and the housing market has been no exception! With mortgage rates at a historic low and buyers demand at an unprecedented high, we are now seeing a strongly depleted inventory of homes on the market. According to Business Insider and CNBC Real Estate News,  there are 20% fewer houses on than market than this time last year and simultaneously 25% more people applying for mortgages. 

To learn more, read on here.

 

As demand for homes grows and supply tightens, it is an excellent time to sell. If you have been considering a move, it could be an opportunistic time. 

Message or call our office at 970-516-1759 to see how we can work together to meet your goals.