Market Report | 8z Real Estate

This past quarter was eventful as we watched mortgage rates finally make a significant downward move toward 6%. With housing inventory also breaching three months supply, you could argue the past several months have yielded some of the best opportunities for consumers we’ve seen in some time. However, it appears these factors weren’t enough to spark any notable activity, as homes continue to sit longer on the market overall. It seems that demand has faltered compared to what we saw just a couple of years ago; the pace of home sales hasn’t kept up with new inventory hitting the market, and many areas, primarily across the Front Range, are looking at minimal price appreciation year-over-year.

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