As the Colorado real estate market continues to evolve, so does the importance of understanding market trends taking place within your neighborhood. Low inventory and appreciating home values were the leading drivers of the 2017 real estate market. While those factors are still significant, inventory has increased slightly and prices for homes continue to appreciate with the exception of the luxury sector, where home prices have remained steady, providing a value-add for luxury Buyers. The latest Micro Market reports reveal a thriving, competitive market, where Buyers should be prepared to act quickly and make strong offers, and Sellers should not be complacent regarding the selling condition of their home.
LIV Sotheby’s International Realty compiles monthly, quarterly and year-end reports to help you make better real estate decisions, whether purchasing or selling a home.