After a slower-than-average summer homebuying season, Colorado realtors hope this week’s interest rate cut will motivate potential homebuyers to seek their dream homes. “Our market waits for the rate drops and most believe that if and when they occur, buyers who have been waiting on the sidelines will influence the supply and demand and jumpstart our lackluster market,” said Boulder-Broomfield-area realtor Kelly Moye. According to the August Market Trends Housing Report from the Colorado Association of Realtors, with more than 27,000 active listings statewide, and more than half of them sitting in the seven-county Denver metro region, potential buyers had 21% more inventory to choose from last month than they did a year ago. The months’ supply of inventory in August statewide is 3.9 months, while it is 3.6 months in the Denver area.

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  • Colorado realtors hope interest rate cut jumpstarts lackluster market
    After a slower-than-average summer homebuying season, Colorado realtors hope this week’s interest rate cut will motivate potential homebuyers to seek their dream homes. “Our market waits for ...
    09/20/2024 - 10:30 am | View Link
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