ICOR 010: Colorado Secondary Markets Increase Days on Market: April 15’ Real Estate Market Update

One of the big things that we actually went over was the median sales price and average sales price over the last year, from last March to this March. All the markets, including Grand Junction, have been up over 10 percent. Also days on market, it looks like Fort Collins and Grand Junction actually have increased their days on market, which is interesting, even though the inventory is still a record low in those markets. And of course in the Springs, in Denver, days on market have continued to go down. And then we will touch a little bit on how investors are buying some more properties during these tight times with some creative ideas out there, taking larger lots and breaking them up into smaller lots, and a couple of other ways they’re doing it. We’re excited to have our group here again this month.