Keller Williams Realty of Northern Colorado

The multi-housing unit market is showing signs of stabilization in Fort Collins, Loveland and Greeley. Fort Collins’ 2010 first quarter vacancy rate came in at 5.1% and Loveland had the lowest in the state, coming in at 3.8%. Apartment vacancy rates in Greeley fell to 6.9% during the first quarter of 2010, compared to 8.4% during the same time period last year. Greeley’s 6.9% rate represents the lowest first-quarter rate for the city since 2002.

Why do we care about apartment vacancy rates?

Apartment vacancy rates are one of the ways we measure supply and demand balance in market. Lower vacancy rates and higher rents tend to indicate the regional economy is doing well, attracting more residents and increasing the demand for housing. Ideally, lower vacancy rates are complimented by strong home-ownership rates.

Data source: State Department of Local Affair’s Division of Housing.

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Posted By: Keller Williams Realty of Northern Colorado – Fort Collins CO Realtor,
specializing in Fort Collins CO Real Estate and Northern Colorado Real Estate
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