May breaking news!
Monthly Newsletter from New Dawn Realty May 26, 2022
Is the market transitioning?
I’ve received various calls inquiring about, Is the market cooling?
We’ve certainly had a long stretch of a Seller’s market.
My answer? Yes and No.
Yes, buyers have tapped the brakes on purchasing somewhat.
Inventory is creeping up, giving buyers more options to choose from and with the interest rates rising, the buyer’s purchasing power has decreased.
The good news is, inventory is still at an all time low and I’m getting multiple offers on well-priced listings.
There are plenty of cash buyers that are unaffected by rates and they are looking for property.
Toward the end of the year and into next, we will probably see less yearly appreciation and head toward a more normal market.
In Colorado we’ve seen around 20% appreciation over the last couple of years. This is not a healthy market (although great for sellers!).
I anticipate around 8% appreciation headed into next year.
Whether buying or selling real estate, it’s imperative to have a Realtor who has a finger on the pulse of ever changing market.
Other Important News:
I’m officially a licensed real estate broker in the State of Florida!
The New Dawn Realty Team will be expanding their territory.
If you are looking to buy or sell in Southwest Florida, it would be an honor to serve you.
Stay tuned for more details
Have friends looking for equestrian estates?
Check out my new equestrian estate in Castle Rock!
>>CLICK HERE<<
GIVING BACK:
New Dawn Realty donated to PTAA in Colorado Springs to support their graduates and help them get caps and gowns for their 2022 graduation.
I loved seeing the smiles on these kiddos faces!
Have a wonderful Memorial Weekend!
DAWNA
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