A confluence of factors, many of which are exacerbated by the COVID-19 pandemic, have combined to create an environment where there is an historical low total of homes on the market. Those factors include low interest rates, an increasing number of Millennial buyers entering the market, people who now work from home demanding additional space, an influx of new buyers from more expensive real estate markets on the coasts and rising construction costs. Here’s a snapshot of active listings in March from around the region: • Boulder: 117 active listings , down 20.4% from 147 a year ago. • Fort Collins: 301 active listings, down 42.2% from 521 a year ago.