Fall Market Providing Opportunities for Buyers
CAR’s August Market Trends report shows most median home prices in Colorado are up 10 % from last year’s numbers. Despite higher interest rates, multiple cash offers are a thing of the past. “It’s a great, great opportunity,” said CAR Spokesperson Matthew Leprino. It’s better than it’s been in three years for buyers. Yes, interest rates are higher, and prices are not as low as they used to be. However, people don’t have to pay above asking anymore and so it’s an opportunity for them to get in now. Yes, interest rates are higher than they were. But again, from a historic perspective, five, five and a quarter, it’s a really good interest rate.” An interactive chart shows median home price ups and downs by county from August’s Market Trends report.
Check out CAR’s interactive chart for median sale price by county.