Northern Colorado, How fast are we burning up inventory?

I thought it would be interesting to track the inventory consumption/Absorption Rate of existing homes for Northern Colorado. The best market area has been the Greeley/Evans area at less than 6.0 months of inventory. However they still have a lot of foreclosures and short sales diluting their inventory.

Loveland and Ft Collins are starting to see an up tick in inventory in September. I feel this is due to the seasonal effects starting to take hold.

Bottom line...it's still a great time to buyer property in Northern Colorado.

Rob Proctor, Broker - At Home Realtors, Loveland Colorado http://www.at-home-realtors.com