WHAT'S HAPPENING WITH HOME PRICES if you're thinking of buying or selling a home one of the biggest questions you have right now is probably what's happening with home prices? And it's no surprise you don't have the clarity you need on that topic. Part of the issues how headines are taking about prices They're basing their negative news by comparing current stats to the last few years But you can't compare this year to the unicom years (when home presched record highs that were unsustainable). And as prices begin to normalize now, they're taking about it'sa bad thing and making people fear what's next. But the worst home price decines are already behindus. What were starting to see now is the return to more normal home price appreciation To help make home price trends easier to understand let's focus on what's typical for the market and omit the last few years since they were anomalies Let's start by talking about seasonality in real estate in the housing market there are predictable ebb and flows that happen each year. Spring is the peak home buying season when the market is most active. That activity is typically stil strong in the summer but begins towane as the cooler months approach Homeprices follow along with seasonality because prices appreciate most when something is in high demand BERKSHIRE HATHAWAY HOME SERVICES COLORADO PROPERTIES That's why, before the abnormal years we just experienced, there was a reliable long-term home price trend. 3380 L 30 Kre ADINA DASED NORAS www.Liet DRAGS 900 775 X616 S Montrose County YTD SINGLE FAMILY MARKET SUMMARY #OF SALES AVG SOLD S OF NEW LISTINGS 12% CALL US TO LEARN MORE ABOUT OUR ADVANCED MARKETING LISTING SERVICES 25% 2022 2023 Why This Is So important to understand in the coming months as the housing market moves further into a more predictable seasonal mythm you're going to see even more headines that either get what's happening with home prices wrong or at the very least are misleading Those headlines might use a number of price terms, ike bhhscolorado.com 1970.249.4663 Real estate services in Montrose and beyond! 2022 2023 2022 2023 Appreciation when prices increase Deceleration of appreciation when prices continue to apprecate, but at a sower or more moderate pace Depreciation when prices decrease They're going to metake the slowing home price growth (deceleration of appreciation) that's typical of market seasonality in the folland winter and think prices are falling (depreciation) Don't let those headlines confuse you or spark fear instead, remember it's normal to see deceleration of appreciation slowing home price growth as the months go by 2% Bottom Line If you have questions about what's happening with home prices in our local arealetsconnect HAMLE MONTROSE 970-249-4663 BHHSColorado.com I (970) 249-4663 HELP US HELF OTHERS SCHOOL SUPPLY DRIVE DROP-OFF LOCATION MONDAY FRIDAYS AM 6PM 4355 TOWNSEND AVE Call one of our trusted real estate brokers Trena Unrein, Brian Unvein Autumn Barrett, Don Baley Jeff Keefuss, Kree Christie, Linda Ste Makaya Cervone, Michael Scott Doach, and Donna Justin WHAT'S HAPPENING WITH HOME PRICES if you're thinking of buying or selling a home one of the biggest questions you have right now is probably what's happening with home prices ? And it's no surprise you don't have the clarity you need on that topic . Part of the issues how headines are taking about prices They're basing their negative news by comparing current stats to the last few years But you can't compare this year to the unicom years ( when home presched record highs that were unsustainable ) . And as prices begin to normalize now , they're taking about it'sa bad thing and making people fear what's next . But the worst home price decines are already behindus . What were starting to see now is the return to more normal home price appreciation To help make home price trends easier to understand let's focus on what's typical for the market and omit the last few years since they were anomalies Let's start by talking about seasonality in real estate in the housing market there are predictable ebb and flows that happen each year . Spring is the peak home buying season when the market is most active . That activity is typically stil strong in the summer but begins towane as the cooler months approach Homeprices follow along with seasonality because prices appreciate most when something is in high demand BERKSHIRE HATHAWAY HOME SERVICES COLORADO PROPERTIES That's why , before the abnormal years we just experienced , there was a reliable long - term home price trend . 3380 L 30 Kre ADINA DASED NORAS www.Liet DRAGS 900 775 X616 S Montrose County YTD SINGLE FAMILY MARKET SUMMARY #OF SALES AVG SOLD S OF NEW LISTINGS 12 % CALL US TO LEARN MORE ABOUT OUR ADVANCED MARKETING LISTING SERVICES 25 % 2022 2023 Why This Is So important to understand in the coming months as the housing market moves further into a more predictable seasonal mythm you're going to see even more headines that either get what's happening with home prices wrong or at the very least are misleading Those headlines might use a number of price terms , ike bhhscolorado.com 1970.249.4663 Real estate services in Montrose and beyond ! 2022 2023 2022 2023 Appreciation when prices increase Deceleration of appreciation when prices continue to apprecate , but at a sower or more moderate pace Depreciation when prices decrease They're going to metake the slowing home price growth ( deceleration of appreciation ) that's typical of market seasonality in the folland winter and think prices are falling ( depreciation ) Don't let those headlines confuse you or spark fear instead , remember it's normal to see deceleration of appreciation slowing home price growth as the months go by 2 % Bottom Line If you have questions about what's happening with home prices in our local arealetsconnect HAMLE MONTROSE 970-249-4663 BHHSColorado.com I ( 970 ) 249-4663 HELP US HELF OTHERS SCHOOL SUPPLY DRIVE DROP - OFF LOCATION MONDAY FRIDAYS AM 6PM 4355 TOWNSEND AVE Call one of our trusted real estate brokers Trena Unrein , Brian Unvein Autumn Barrett , Don Baley Jeff Keefuss , Kree Christie , Linda Ste Makaya Cervone , Michael Scott Doach , and Donna Justin