Here’s a question we sometimes hear…
“What is the most active price range in our market?”
For most of Northern Colorado, the range of $300,000 to $500,000 is far and away the most active (no surprise there). For example, in Fort Collins there are more than three times as many sales in this price range compared to the range of $500,000 to $700,000.
The one exception is Greeley. In Greeley the most active price range is under $300,000. This price range has twice as many sales as the $300,000 to $500,000 range. Why is this true for Greeley and not other places? You guessed it – it’s because the other locations don’t have much inventory under $300,000.
It’s interesting to note that in Fort Collins there are more sales in the $500,000 to $700,000 range than the under $300,000 range. This was not the case even one year ago.
The market is changing right before our eyes.