|We are excited to publish our Market Insights for May 2023! Please, use the link below to access our latest report:Blue Pebble Market Insights (May 2023)|
For those who just want “The Skim:”
1. This is About to Get Interesting (Maybe).
2. Demand: A Dull Thud
3. Supply: Less of the Usual
We’re in the midst of our summer buying season, and it feels a lot more like the fall. New listings and closed volume are both down ~30% year-over-year, so things are a bit weird with fewer deals happening on the Front Range. This is a direct effect of the “high plateau” market environment in which housing prices stay elevated, even at higher interest rates, because there’s less supply and no forced selling. All of that could change very quickly as the US grapples with another debt ceiling showdown, and while it appears that both sides left their negotiation on May 16th feeling much more constructive, there are still a lot of things that need to happen before we can call the “all clear.”
— Jared, Founder & Owner, Blue Pebble Group
|Having trouble budgeting for your summer concerts series, bottomless brunches, and high mortgage rates? We got you. Our clients are saving money every month via Blue Pebble’s rebate program. Click here to find out how much YOU can save!|