Denver November 2022 Real Estate Market Update
“It’s beginning to look a lot like recession 🎵 ” – a play of a holiday classic!
True story ~ can you say 178% increase with homes inventory from last year (Nov ’21) to Nov ’22 – wow!
Pair that with seasonal slow down, and there are all of a sudden more opportunities for home buyers. Plus, rates have dropped from above 7% to low 6% as of late.
Sellers, I would recommend considering listing sooner than later to avoid being caught up in larger and larger inventory levels. You can still stand out because inventory – when priced right – is selling.
Talk to your trusted CJV Real Estate advisor for a more in depth of your buying and/or selling needs soon – so as to plan for ’23! The New Year is right around the corner!
Happy Holidays!!