REALTORS® Foresee New Trend for Colorado Home Prices
There could be the very beginnings of a trend moving to a more sustainable market. “The number of showings we’re seeing on our listings is down,” CAR Spokesperson Kelley Moye said. “So, where we would see maybe 30 showings on a weekend, now we see 12 or 15. Instead of 10 offers, we may see four or five.” She says that because of changing interest rates, the market won’t decrease but could plateau. “What will eventually happen is sellers will realize that they shouldn’t expect 20% over, and they might list at a more responsible price,” Moye said.