Economists list three primary avenues for housing recovery: better market
fundamentals, improved market composition, and more jobs. If job
growth continues in 2013, housing should lead the way to economic recovery in Colorado.

Here are a few encouraging stats from the fourth quarter of 2012:

New Listings increased 7.1 percent
Pending Sales decreased 1.3 percent
Inventory levels decreased 33.0 percent
The Median Sales Price increased 12.4 percent
Days on Market decreased 35.6 percent
Percent of Original List Price Received increased 1.3 percent

Colorado is pointing the nation in the right direction.

See here.