Early 2020 through early 2022 saw two of the busiest and unsustainable years of real estate activity ever recorded in Colorado and the nation. All-time low mortgage rates, population migration, and lifestyle changes drove unprecedented real estate sales volume and home value appreciation.
On January 6th of 2022, the year opened with interest rates at a historic low of 3.22%. The floodgates of buyers were thrown open and as many of you may have heard from friends and family who were making a move, the market moved at a lightning pace with homes flying off the shelf at above list price—in fact in April of 2022, 78% of all properties sold for more than the seller’s asking price, the highest percentage on record.
My fellow realtor friends and I knew
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