🏡 📊 With mortgage rates moving into the 7s in September (as Treasury yields rose and market uncertainty pressures borrowing costs), affordability and activity have been impacted. But overall, Metro Denver home prices have remained remarkably steady.
🔑 BUYERS: Waiting for ""the perfect rate"" or market could mean overlooking opportunities available right now. More inventory means more choices and negotiating power. Opportunities such as seller-paid concessions, rate buydowns, and other financing strategies are common practice. Condos and townhomes are offering even more leverage, with almost double the inventory vs. demand than detached homes.
🏠 SELLERS: Buyers are more selective, so pricing, condition, and strategy matter. Homes can still sell successfully, but understanding your specific neighborhood, price point, and competition is critical. The key is understanding where the market is heading and creating a strategy around your goals. 🍂 And now is the time to start if you plan to sell in the new year/early spring.
📲 Let’s talk about the numbers you will need to make your next move: 303.912.5394 or [email protected].
