Here’s the latest from the Federal Housing Finance Authority’s report on price appreciation. They track 241 markets across the country. These are the one-year price growth numbers for the Colorado cities on their list:
Boulder = 6.14%
Colorado Springs = 9.18%
Denver = 6.97%
Fort Collins = 6.43%
Greeley = 7.06%
So, even though the pace of sales is going down, prices overall are still going up.
Even in today’s growing market, we do notice that in certain price ranges, in certain locations, sellers are having to reduce their price to attract offers on their homes.
What we know is that all markets are local and there are trends that occur on a micro level that sometimes differ than the overall macro trends.
If you are curious to know what the value of your home is in today’s market, we’d be happy to show that to you.