Housing Demand Not Slowed by Winter

NAR data shows that national inventory decreased by 12% in October, and 82% of homes were sold in under a month. These two different forces, inventory and time on the market, are driving the sales climate, snowflakes or not. “While there are some that say we are overdue for a price correction, demand for housing is creating a hard bottom unlike what we saw in 2008,” said CAR spokesperson Matthew Leprino. In Colorado, the number of homes listed on the MLS decreased by 8.1% to 8,200 total units. The number of days on market for Colorado homes also decreased by 35% to 28 days. Leprino says it’s still a good time to buy: “In the long run, prices always go up,” 

https://www.gjsentinel.com/news/colorado/housing-demand-remains-high-this-winter-realtors-say/article_41ca6795-7d0e-5f19-a5ec-2f9914d84b8c.html

https://www.thecentersquare.com/colorado/housing-demand-remains-high-this-winter-realtors-say/article_6268811c-5220-11ec-b9dd-33c8a29eff98.html