August was neither fantastic nor poor, there was "adequate" energy in the market, but nothing overwhelming. July was, after all was said and done, a pretty poor month for the market in terms of sales, so it was good to see a bit of a positive bump as we head further into the back half of the year. A huge positive has been a move in the interest rates, down to the low 6%'s (as of this post) that wasn't felt in August, but will certainly help to get some mortgage applications going. It will be an interesting 8 weeks in the real estate world as low(er) mortgage rates will potentially help some fence-sitting buyers enter the market, where inventory is still increasing. Buyers will have more choices, and with better buying power, can potentially make more advantageous moves. Let's not...more

July is often a huge question mark in Northern Colorado real estate. Typically, we do see some kind of a slump, but it often comes in varying degrees. Most times it is perceptible for a few weeks. Other times, it can feel like the sky is falling. This year, it has felt a bit more like the sky is falling. We have our typical slump due to families taking their family vacations and the bulk of the selling season energy was swallowed up in April, May and June. An additional wrinkle that we are facing in the market is that there is finally some definitive hope for interest rate reductions in coming months. We did see a pretty major drop in the first week of August, in anticipation of the fed meetings in September. Whether it is our traditional July slump, or buyers pulling out and...more

While June is typically a pretty ferocious month in the real estate market, it was actually pretty quiet across Northern Colorado. There were some mixed metrics which should lead one to believe that real estate is very local - some communities may be on fire while others might be struggling. The good news is, no communities in NoCo are struggling. With prices remaining steady (and certainly not declining appreciably), inventory remaining low and interest rates not budging from around the 7% mark, it is hard to gain too much upward momentum. Many sellers (who will become buyers once their home sells) are remaining on the sidelines, not wanting to give up their 3% interest rates.more

This market has guts! While interest rate relief appears to be coming well into next year, buyers are still very competitive in Northern Colorado, while many more sellers are jumping into the market. It is great to have some energy in the market. While the Loveland/Berthoud market lagged in sales as compared to the rest of the region, prices across the board were up as compared to 2023. I'm excited to see fewer buyers and sellers sitting on the sidelines. I understand fear is a huge factor in decision making, but when buyers and sellers are actually educated and empowered - fear is removed and opportunities can be capitalized on.more