Get Real | Fort Collins Market Update | October 2022
Not all experts agree that prices will plummet in 2023… here’s one theory on why prices won’t drop significantly, but will level out instead:
👉🏻 Fewer new listings coming to market puts a cap on inventory.
👉🏻Interest rates climbing puts a cap on buyers and, therefore, pricing.
There’s pressure on both ends, causing a tug-of-war. Our Fort Collins housing market is no exception…
Price drops could be a signal of the frenzied market slowing, but it’s also seasonally appropriate for prices to drop in late Oct/early Nov. Sellers are motivated to get their home sold before the holidays. As a result, inventory seasonally declines at this time of year as well.
For the real-time data on housing in your area visit the market stats at the bottom of the page or at linktr.ee/taylorhomepartners
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