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[MARKET UPDATE] Front Range Real Estate March 2022

Friday, March 18, 2022   /   by Kevin Schumacher

[MARKET UPDATE] Front Range Real Estate March 2022



Low interest rates have fueled demand, but there aren't many properties for sale, reducing competition for sellers. Because supply is at an all-time low, it may be time to put your house on the market.

In January, total inventory was down 28% year over year, while new listings were down 9%. Why aren't individuals selling their houses when they can get a great deal? According to Danielle Hale, chief economist at Realtor.com, “Factors like omicron uncertainties could be causing sellers to hesitate even when they know housing conditions are favorable.”

You might assume our market is slowing down due to a shortage of supply, yet things could be hotter than they've ever been. Right now, the typical home spends just 61 days on the market, and in urban areas, it's much fewer. Since Realtor.com began keeping track in 2016, this is the quickest rate they've seen.

Supply isn’t the only factor making our current market so crazy. Interest rates are finally increasing, and buyers are feeling the pressure. The Federal Reserve will attempt to keep inflation in control by raising rates when it rises. Many buyers want to take advantage of the current cheap rates while they still have the opportunity.

Don't worry if you think you've missed the boat on selling because interest rates are increasing. Real estate is becoming a safer investment for investors as global tensions rise and the globe gets more unstable. Tensions with Russia, according to Taylor Marr, deputy chief economist at Redfin, might keep interest rates low for longer. "On the one hand, the Fed is putting upward pressure on mortgage rates, while on the other side, global tensions are a little bit anchoring rates."

The bottom line is now is a great opportunity to sell, although the future remains unpredictable. If you're seeking to sell, this could be the greatest moment for a while. Supply levels may eventually grow, and demand may finally level off. Buyers won't be able to pay our escalating costs indefinitely, so seize the opportunity now.

If you’re thinking about selling your home, you haven’t missed your chance. This is still a seller’s market, and you can net a great profit from your house. Enter your address here to instantly calculate your home’s value in today’s market based on recent Northern Colorado sales.

If you have any questions about the market or are thinking about buying or selling, don’t hesitate to call me at (970) 396-7248 or email me. I'm here to help you meet your real estate goals in this shifting market!

Let's now break down the numbers here in the Front Range Colorado!

March 2022


If you have any questions about your equity position, contact me or anyone from our team!

Cell # (970) 396-7248 | Team # (720) 230-3030 | Kevin@KevinSellsCO.com
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All data is based on information from IRES inc, METROLIST inc, DBA RECOLORADO® and Matrix v7.1. CoreLogic. Data reflected includes attached dwellings in each cities market. The Kevin Schumacher Team nor eXp Realty LLC does not provide any guarantee and is not responsible for accuracy. Data maintained by IRES inc. and METROLIST inc. may not reflect all real estate activity in the market. The statements and opinions contained in this advertisement are solely those of the individual author and do not necessarily reflect the positions or opinions of eXp Realty, LLC, or its subsidiaries or affiliates (the “Company”). The Company does not assume any responsibility for, nor does it warrant the accuracy, completeness or quality of the information provided.

The Kevin Schumacher Team at EXP Realty, LLC
2580 East Harmony Rd. Suite 201
Fort Collins, CO 80528
720-230-3030

Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © 2020 IRES. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS or eXp Realty LLC. *Not intended to solicit buyers under buyers agency, not intended to solicit listings currently listed.*The statements and opinions contained in this advertisement are solely those of the individual author and do not necessarily reflect the positions or opinions of eXp Realty, LLC, or its subsidiaries or affiliates (the “Company”). The Company does not assume any responsibility for, nor does it warrant the accuracy, completeness or quality of the information provided.
Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © 2022 IRES. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated October 5, 2022 7 AM. Information deemed reliable but not guaranteed by the MLS or Kevin Schumacher - The Kevin Schumacher Team / EXP Realty, LLC.
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