Home prices, active listings, closed sales, days on market, interest rates, supply, demand. There can be so many ways to talk about our Denver area real estate market right now. One thing’s for sure though. We’ve never seen a better time to be a home owner or home seller in the Denver area. Even for those that have purchased homes most recently, they’re still gaining equity right away which is awesome to see.
Now, we know that there can be even more questions about what’s ahead for our market as we approach 2022. I think that with our current market conditions and the impact of inflation, we’ll most likely experience another intensely competitive market early next year across all price points. And as a result, we won’t be heading to a more affordable direction anytime soon.
An important question – how might inflation affect housing? Historically real estate has been seen as a hedge against inflation – meaning, as the economy expanded, the rising value of a real estate asset helped offset rising prices elsewhere. As a result, the short answer is that I’d expect to see even more demand in an already tight environment.
What might help soften housing demand in the Denver area? Rising interest rates could be that answer in 2022.
If you’re considering purchasing or selling a home in the coming months, make sure you’re following us on social media. We’ll be posting special tips from our team throughout the month which we hope you’ll enjoy. We want to make sure you’re set up for success and ready to achieve your goals in 2022. Reach out to us anytime, we’ll be happy to help!
We want to wish you a very Merry Christmas and Happy Holidays from all of us at ModernWest Home.