Update: How's the Market?
Curious about the current market?
Summer is right around the corner in Telluride. As we start to see sunny skies and break out the sunscreen, we are seeing more than just a change in the weather.
The market is shifting as interest rates are on the rise. However, buyers are still seeing historically low rates, averaging just over 5.5%. The rise in interest rates has caused a slow in sales volume compared to the same time last year. Despite the slowing of sales, average and median sales prices are holding steady and sellers continue to see increased equity from their properties. If you have any questions about buying or selling in today’s market, contact me today!
Check out the latest market update below!
