The housing market of the 2020s has been defined by high demand, low inventory, and until recently, cheap money conditioning buyers to be constantly vigilant for the “Goldilocks Home, ”the home that’s ‘just right’. The crest of this phenomenon hit in April 2022 as list-price to sale-price ratios climbed to nearly 6% over-asking. Then buyers were slapped with big jumps in fixed rates for 30-year mortgages in May, June, and July that made buying houses at the current median price of over $600,000 exceedingly impractical. While these market results show some softening – this is not a bubble bursting by any stretch.

Source: Colorado Association of Realtors
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