As the leaves are changing and we head into the fall market, a new dynamic unfolds where homeowners holding onto low-interest rates and buyers influenced by current prices and interest rates contribute to a certain stagnation.
“Shadow inventory” has also emerged, making up a sector of homeowners with favorable interest rates who wish to sell but are hesitant to act until rates decrease to a level that stimulates more inventory. The upcoming autumn months, though quieter, offer excellent opportunities for sellers who are likely to face less competition compared to the summer season. Buyers can also benefit from reduced competition for sought-after properties and seize the chance to make a purchase before the winter season begins.
Feel free to reach out today to learn more, engage in a broader discussion about the market, or obtain an evaluation of your property’s current value in today’s market.
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The beauty of fall is undeniable. There’s still an abundance of adventures awaiting, from hiking to fishing, and biking along with tons of events from the Beer and Chili Festival to Camp 4 Coffee’s Cart to Cart run to the Crested Butte Film Festival.
Check out the events happening this month up and down the valley from this.
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Featured Listing
Crested Butte, CO 81225
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