March 03, 2017 // 2017 Market News Market Trends Real Estate

What to Expect in 2017

The beginning of 2017 is starting out a lot like 2016. We expect to see a very active market through the spring with bidding wars in many of the price points. We have seen a midsummer lull over the last three years, and it will be interesting to see if that repeats itself again in 2017. There is an ongoing debate right now about whether the higher interest rates that we are seeing will hurt or help our market. It seems that higher rates are making many buyers decide to buy something before rates get even higher, which is helping our market activity. In the long term, higher rates may cause our market to slow down a bit, but they probably won’t affect the pace of sales in 2017. In the meantime, we continue to see lower levels of homes for sale than we’ve seen at any time in the last 13 years. We anticipate that this trend will continue and inventory will remain tight through 2017.

 

Annual Number of Boulder Graph


Meet the Author

Marie Villa

Marie Villa

Marie Villa is the Digital Marketing Intern at WK Real Estate. With a passion for technology and social media, she is happy to assist agents in expanding their networks and navigating through the digital world.


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