Colorado home buyers gain more power as market slows

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Colorado’s housing market stagnated in July, with sold listings remaining nearly flat despite active listings climbing 24% statewide. At the same time, the median sale price crept up 1%, whil…

Colorado’s housing market stagnated in July, with sold listings remaining nearly flat despite active listings climbing 24% statewide.

“Buyers today have more inventory to choose from than they’ve had in the past 10 years,” said Boulder-area realtor “To combat the reduction of buyer demand stemming from affordability pressures, seller concessions have continued to be a major factor in many transactions over the past few months,” Thayer said.

“July’s housing data in Fort Collins shows continued pressure on sellers to adjust price, negotiate concessions, and wait just a little bit longer for their homes to go under contract.”Sponsored: Real Estate Voices |“Overall, our market seems to be a little more balanced. Buyers have a few more options and a little more time to contemplate one of their largest purchases,” said Aurora-area realtoragreed. “As I scan the , some things are very clear.

 

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