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Fall Real Estate News!

November 19, 2024

Inventory continues its trajectory to record highs of the decade hitting 11,115 active units for the month of September.

The month in which the Fed cut rates for the first time since 2020. Prices for single-family homes - both average and median - declined when compared to both last month and last year. Condo prices also declined year over year - across both average and median.

Prices and inventory tend to cool in tandem around this time each year, so it will be interesting to see if we notice a decline or slowdown in inventory this month.

As mortgage rates edged closer to the sub-6 level in September, mortgage demand (applications) saw several straight weeks of double-digit increases.

Homes continued to sit on the market longer, which is a 35% increase from last year at this time.

If you're considering selling in 2025, contact me now so we can be prepared to hit the market when the time is right.

Thank you and please reach out with any questions.

Zana Leiferman.

Real Realty Colorado

(303) 810-1059

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Inventory continues its trajectory to record highs of the decade hitting 11,115.

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