Home owners across the U.S. are interested in where their local real estate prices are going and what that means for them. Home owners considering selling their homes are concerned with making a profit on their home sale and want encouraging news of prices rising. Fortunately, for the Mountain region (and Colorado individually), home prices have seen healthy growth year-over-year. The Mountain region experienced a 10.55% increase in home prices in the past year, making it one of the most positive real estate markets in the U.S. Coming in second only to the Pacific region, Mountain region home owners can feel confident in putting their homes on the market and can anticipate getting a great price for their home. To back up this statistic, the state of Colorado saw home prices increase by 9.3%.
Home owners looking to sell their home and buy a new one, should seriously consider starting the process sooner rather than later. For vacation home owners, now is a great time to sell your current home upgrade to a larger home that can generate more rental income. Mortgage rates and home prices are expected to rise over the next few months, making now a great time to sell and buy anew. If you’re interested in learning more about selling your Summit County home, download our home selling eBook or contact us.