Madison & Co. Properties March 2022 Market Stats Snapshot

"With 5.36 percent month-over-month appreciation and interest rates increasing, an individual's buying power steadily declined. While 2020 and 2021 took different paths, there is one common denominator: hyperactive buyer demand." -March 2022 Market Trends Report, Denver Metro Association of Realtors®

We're not going to pretend that the market is easy out there, especially for buyers. The residential market has only seen 7,671 total listings in 2022. Yet despite the lack of demand, there is a surplus of buyers. If you're looking to buy this year, the best piece of advice we have is to start looking sooner rather than later. Meet with your Madison Realtor® to make sure you have realistic expectations and understand each step of the process.

According to CoreLogic, Denver appreciated 19.1 percent over the last year alone with over half of the homes listed going for over asking price. This is great news for existing homeowners! Selling your home in this market is the dream, but many people ask where they will go next. Everyone's situation is different, but with increased equity, if moving to a smaller or larger home is something you're looking into, now is an incredible time.

Whether you're buying or selling a home, your Madison Realtor® is guaranteed to be by your side for the whole process.

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