Market Report | 8z Real Estate

As we look back on 2024, Colorado's real estate market has continued to navigate a period of cautious optimism, shaped by a mix of factors that have influenced both buyers and sellers this past quarter. Mortgage rates, which have remained around 7%, have continued to be a key factor in slowing the pace of home sales, yet they haven't had the sharp negative impact that many feared at the start of the year. Housing inventory, while still below historic levels, has edged up, offering more choices for buyers compared to the competitive market we’ve seen over the last few years.

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