We hear it all the time - homeowners and renters who are "waiting for the Colorado market to cool down because prices are too crazy right now."
Makes sense, except we have been hearing folks say this for about five years now, and prices have continued to go nowhere but up. This is a quick analysis of what could happen if current sales trends continue in the Denver Metro area, with both average prices and interest rates on the rise. (Calculations include principal and interest only.)
As you can see, prices ARE rising at a fast pace...jumping almost $200,000 in just two years. So, does it make sense to wait? It depends on your situation and your financial and Real Estate goals.
If you thinking about Selling a Colorado property, it might seem…