April 2023

Today, the National Association of REALTORS released a report that says existing home sales decreased by 2.4% in March nationwide and were down 22% from a year before. How does what’s happening in Metro Denver compare to what’s going on in the rest of the country?

Mortgage rates are lower now than they’ve been since February, which is good news for buyers – and sellers. If more buyers enter the market, sellers could see more multiple-offer situations and have more offers to choose from. In addition, buyers could enjoy lower payments than they would when rates were higher.