The Rock Creek market took a brief hiatus from late August though the end of September. Homes were selling during this time, but the multiple offers and short days on the market dwindled to only the lower priced homes. It was the homes priced above $500k that saw some weakening in the marketplace. This condition has righted itself in October and most of the available inventory has gone under contract. I have seen this cycle before with the seasonal change of end of summer/school resuming, but because of the breakneck pace our market has demonstrated over the last 3 years, the seasonal slowdown surprised homeowners and Realtors alike. Based on the past few cycles like this, I anticipate that inventory will stay low throughout the winter months, with most available inventory to be in the above $600k range. The market for sellers who are ready to list their home is prime from now into the spring. Of course, when you make a decision as big as selling your home you will want to work with someone who you know and trust rather than a complete stranger. I have been Rock Creek’s Realtor for over 23 years. Call me, I have always been here for you.
*Not all properties were listed and/or sold by 8z Real Estate. This data is based on content supplied by REcolorado, IRES, PPAR, and/orMLSListings. Content is deemed reliable but not guaranteed. Content may not reflect all real estate activity in the market.