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Housing markets downshifting in populous Colo. counties

Rising interest rates and reduced buyer demand have fueled a sharp slowing in housing markets across the state, according to an analysis of numbers provided by the Colorado Association of Realtors.

A Denver Post analysis of single-family home sales in August in Colorado’s 12 most populous counties and found that the second biggest decline in sales was in Weld County, which was down 31%. It found that the inventory of homes available for sale more than doubled in Broomfield County, which was up 117.6%.

Source: BizWest