BERKSHIRE HATHAWAY HOME SERVICES COLORADO PROPERTIES THE RETURN OF NORMAL SEASONALITY FOR HOME PRICE APPRECIATION you're thinking of making a move one of the biggest questions you have right now is probably what's happening with nome prices? Despte what you may be nearing in the news, nationaly home prices aren't faling it's just that proe growth is beginning to normale. Here's the context you need to really understand that brend in the housing market there are predictables and flows that happen each year it's called seasonality Spring is the peak homebuying season when the market is most active. That activity is typically stil strong in the summer but begin to as the cooker months approach Home prices folow along with seasonality because prices appreciate most when something nigh demand bhhsco.com That's why there's a relatie long-term home price tend. The graph below uses asts from Case-Shiler to show typical monthly home price movement from 1975 through 2022 (not aduated so you can see the seasonality) 49-Year Average Monthly Price Movement As the data shows at the beginning of the year, nome pros grow, but not as much as they do in the spring and summer markets That's because the market is less active in January and February since fewer people move in the cooler months Under Contract in 48-hours! NUCLA $197.000 1037 Montana Street 3Bed 11 Bath 11.22459 Ft Autumn Barrett 970 318.0700 OLATHE $369,990 TBD 6000 Road 19.17 Acres Kree Christie 970 275 3155 CONNECTING MOUNTAIN LOVERS WITH MOUNTAIN HOMES IN COLORADO SINCE 1971 As the market transitions into the peak homebuying seasonin the spring activity ramps up and home prices go up a lot more in response Then as tall and winter approach activity eases again Price growth slows, but stil typically appreciates After several unusual uncom years today's higher mortgage rates helped usher in the first signs of the return of t As Sema Hepp Chief Economist at Cologic expans "High mortgage rates have slowed additional price surges with monthly increases returning to regular seasonal averages in other words, home prices are still growing but are in line with historic seasonal expectations WHY THIS IS SO IMPORTANT TO UNDERSTAND in the coming months you're going to see the media tak more about home prices in the coverage you kery see industry terms like these Appreciation when prices increase Deceleration of appreciation when prices continue to appreciate but at a slower or more moderate pace Depreciation when proes decrease Don't let the terminology confuse you or let any misleading reacties cause any unnecessary fear. The rapid pace of home price growth the market saw in recent years was unsustainable had to slow down at some point and that's what we're starting to see-deceleration of appreciation, not depreciation bhhscolorado.com 1970.249.4663 Real estate services in Montrose and beyond! Remember tomto see home price growth slow down as the year goes on. And that definitely doesn't mean home pros ating. They're using at a more moderate pace BOTTOMLINE While the headlines are generating fear and confusion on what's happening with home prices, the truth is simple Home price appreciation is returning to normal seasonality you have questions about what's happening with prices in our local area let's connect 53758 MONTROS $680.000 2018 Otter Pond Circle Bod 13 Bath12.2460 FL Donna Harile Justin 070 216.8316 CIMARRON $370.000 TBD County Road 864A 80 Acres 1 Premius Big Game Hunting in OMO ES Don Bailey 970 20953 Call one of our trusted real estate brokers: Trena Unrein, Brian Unrein, Autumn Barnett, Don Bailey Jeff Kehtuss, Kree Christie, Linda Stell, Makaya Cervone, Michael Scott Dosch and Donna Justin BERKSHIRE HATHAWAY HOME SERVICES COLORADO PROPERTIES THE RETURN OF NORMAL SEASONALITY FOR HOME PRICE APPRECIATION you're thinking of making a move one of the biggest questions you have right now is probably what's happening with nome prices ? Despte what you may be nearing in the news , nationaly home prices aren't faling it's just that proe growth is beginning to normale . Here's the context you need to really understand that brend in the housing market there are predictables and flows that happen each year it's called seasonality Spring is the peak homebuying season when the market is most active . That activity is typically stil strong in the summer but begin to as the cooker months approach Home prices folow along with seasonality because prices appreciate most when something nigh demand bhhsco.com That's why there's a relatie long - term home price tend . The graph below uses asts from Case - Shiler to show typical monthly home price movement from 1975 through 2022 ( not aduated so you can see the seasonality ) 49 - Year Average Monthly Price Movement As the data shows at the beginning of the year , nome pros grow , but not as much as they do in the spring and summer markets That's because the market is less active in January and February since fewer people move in the cooler months Under Contract in 48 - hours ! NUCLA $ 197.000 1037 Montana Street 3Bed 11 Bath 11.22459 Ft Autumn Barrett 970 318.0700 OLATHE $ 369,990 TBD 6000 Road 19.17 Acres Kree Christie 970 275 3155 CONNECTING MOUNTAIN LOVERS WITH MOUNTAIN HOMES IN COLORADO SINCE 1971 As the market transitions into the peak homebuying seasonin the spring activity ramps up and home prices go up a lot more in response Then as tall and winter approach activity eases again Price growth slows , but stil typically appreciates After several unusual uncom years today's higher mortgage rates helped usher in the first signs of the return of t As Sema Hepp Chief Economist at Cologic expans " High mortgage rates have slowed additional price surges with monthly increases returning to regular seasonal averages in other words , home prices are still growing but are in line with historic seasonal expectations WHY THIS IS SO IMPORTANT TO UNDERSTAND in the coming months you're going to see the media tak more about home prices in the coverage you kery see industry terms like these Appreciation when prices increase Deceleration of appreciation when prices continue to appreciate but at a slower or more moderate pace Depreciation when proes decrease Don't let the terminology confuse you or let any misleading reacties cause any unnecessary fear . The rapid pace of home price growth the market saw in recent years was unsustainable had to slow down at some point and that's what we're starting to see - deceleration of appreciation , not depreciation bhhscolorado.com 1970.249.4663 Real estate services in Montrose and beyond ! Remember tomto see home price growth slow down as the year goes on . And that definitely doesn't mean home pros ating . They're using at a more moderate pace BOTTOMLINE While the headlines are generating fear and confusion on what's happening with home prices , the truth is simple Home price appreciation is returning to normal seasonality you have questions about what's happening with prices in our local area let's connect 53758 MONTROS $ 680.000 2018 Otter Pond Circle Bod 13 Bath12.2460 FL Donna Harile Justin 070 216.8316 CIMARRON $ 370.000 TBD County Road 864A 80 Acres 1 Premius Big Game Hunting in OMO ES Don Bailey 970 20953 Call one of our trusted real estate brokers : Trena Unrein , Brian Unrein , Autumn Barnett , Don Bailey Jeff Kehtuss , Kree Christie , Linda Stell , Makaya Cervone , Michael Scott Dosch and Donna Justin