August held true to its traditional calm-before-the-fall market. While inventory levels increased, buyer demand remained somewhat sluggish. However, savvy buyers helped maintain market momentum. Sellers who adjusted their expectations and strategies still saw strong returns, as average home prices held steady. Notably, over half of Colorado’s sellers offered concessions in their summer transactions!

So, what’s in store for this fall? The Federal Reserve is expected to lower interest rates for the first time in years, suggesting the end of their Great Rebalancing Strategy. But with market unpredictability still at play, we’re relying on hyperlocal, week-to-week stats to help clients make informed decisions, rather than year-over-year data.

Stay tuned for updates as we head into a season of change!