Over the course of 2022, the real estate market has begun to normalize after hitting record-breaking highs in 2021. Through the third quarter of the year, typical seasonal trends have emerged, slowing the rate at which homes are selling in many markets across Colorado. This stabilization of the market brings fantastic opportunities to both buyers and sellers looking to reach their real estate goals.
While the market is still tilted in the seller’s favor, with home prices still on the rise for the majority of Colorado communities, buyers now have more power to ask for inspections and important contingencies that will increase their confidence in their investment. Thanks to sustained demand for the incredible Colorado lifestyle, the real estate market continues to thrive – helping buyers and sellers create the life they love this year.
See how the real estate market in your neighborhood and others across the state performed through Q3 of 2022 by reading the latest Micro Market Reports from LIV Sotheby’s International Realty.