The Black Forest market is generally one of the most desirable areas along the Front Range. Unfortunately, it has consistently showed up in the bottom quarter of our monthly “Absorption Rates” study. Given the natural beauty and desirability of this area we assume the issue is perceived market value a.k.a pricing.
It seems as though Realtors and Home sellers are beginning to get a handle on our new market realities. As we can see in the graphic below the Listing Price Line and The Sales Price line are slowly moving closer together. We will continue to track this statistic in conjunction with area absorption rate.
