The shift in interest rates reverberated throughout our market. Every price point felt it. This is a more balanced and stable market, closer to the summer seasons we had before the pandemic.
Buyers, there is some good news: you are less likely to pay over-asking prices. With less competition and four times more inventory than we had at the beginning of the year, you may have more options than you realize. Talk with your lender.
Sellers, it’s still an excellent time to list (and upgrade). Your home may spend more time on the market, but sales prices remain strong. We only have a month of inventory (where six months is a balanced market). The demand remains strong. Let’s connect about your options. Melodee (303) 868-3097, Dianne (303) 249-7415.
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