The 2022 real estate market ended the year at a snail’s pace. It slowly trudged through the last months of the year with sales that were similar to our slowest time of year; the beginning. So what does that mean for the start of 2023? Are sales even slower than a snail. What would that […]
Summit County Home Sales Slow
Beginning skiers know pizza and french fries very well. Pizza is the wedge shape you make your skis when you want to go slow. French fries make your skis parallel to go faster. Summit County home sales slowed like a pizza wedge on the slopes in October, and really, for nearly the entire 2022 year. […]
Summit County Homes Take Longer to Sell
Slow Real Estate Sales in Breck and Surrounding Areas Continue
August adds a few more sales to the 2022 residential real estate sales. However, it’s not enough to change the path of slow real estate sales in Breck and other Summit County towns. Higher interest rates, concern about the economy and low inventory levels are keeping buyer demand low. We are seeing pressure on pricing […]
Summit County Home Sales Fall Fast
Summit County home sales fell fast in July. While June had moderately disappointing sales numbers, the bottom fell out in July. The number of Summit County home sales in July were more typical for January and February, some of our slowest months. As a result of fewer sales, homes are on the market longer now. […]
Real Estate Inventory Doubles in Summit County
2022 is continuing to tell a different story than the last two years. As we see interest rates increase substantially, we are watching sales slowing and real estate inventory climbing. Our real estate market was pegged so far into a seller’s market, we have a ways to go before the buyer has the advantage. Although, […]