Denver Market Update
Denver Market Update
Real Estate News – January 2023
A note about interest rates:
As of yesterday (1/23), interest rates are ~6.125%. To put it into perspective, we are still under the 50 year average of 6.95%.
Here’s a quick summary of the Denver real estate market:
- If your bank account can withstand a $25 million purchase in Evergreen, there’s a listing available just for you! I’m happy to represent you, of course.
- Although buyer levels are down, activity on the active listings I have is strong.
- Consumer confidence is up, which may point to a strong spring in real estate.
- Despite what the media says, it is not a buyers market. It just feels more “normal” than the last 10 years have been.
- If you’re thinking about a new construction home, be sure and reach out to me so you will have proper representation. The sales office represents the builder, not you, and it costs you NOTHING for me to represent you.
As always, the right time to make a move is when YOU are ready. Remember, trying to time the market is a fool’s game.
Here are the details:
Questions? Comments? Contact us anytime. We’re here to help.
Thank you!