The October 2022 market stats for Denver, Colorado Springs, and Pueblo are now out and we’re analyzing what they mean. Low inventory continues to be a concern, but homes are staying on the market longer. This means buyers can be pickier, take some time to think about the property, and even ask for seller concessions.
We’re also tracking a potential drop in mortgage rates, local and national rental trends, and the latest developments on Denver ADUs.
To hear the full discussion with Envision Advisors agents Jenny Bayless and Preston Newberry, Stacy Rozansky and me, listen to the podcast or watch the YouTube video.
As with Denver, we expect that the balance of 4Q will be slow, but that we are probably seeing the worst of it right now.
Closed UnitsHomes
Condos
Colorado Springs is doing better than Denver, and most of the western US states. CO Springs was more resilient in the last downturn, and we might be on the same path here, too.
Closed PriceGenerally stronger performance than Denver.
Note: The above Executive Summary is from Lon Welsh of Your Castle Real Estate.
Denver Housing TrendsIf you have questions about your strategy in a shifting market or want help investing in rental properties, reach out to us. We want to help you navigate the market to find the right strategy to achieve your goals.
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