How is the year starting? All of us in the real estate industry are especially curious to see how 2024 is starting off after the first slow real estate year in a long time.
Rates have settled down and are trending down.
Prices have shown resilience and continue to go up.
But, how about transactions? Are they picking up after a year that saw an 18% decline in the number of closed residential properties?
It turns out the year is starting off strong but not unusually strong.
Pending transactions are up in Larimer County 7% year over year and up 3% in Weld County.
So, we are already seeing signs that 2024 will be a year of growth compared to last year.