It’s April and the oft spoken of Spring market is upon us here in Northern Colorado.  We have seen increased new listing activity, pending sales and closed sales since January.  If history repeats itself, April is when we have the most buyer activity and sellers see there homes sell faster and for more money.  REALTOR.com, when looking at national data, offers that the week of April 13th is the best time for sellers to list their home.  Granted, that is based on national data and we all know that real estate is hyper local in relevance.  I would venture to say they are correct though.

Mortgage interest rates are slightly lower after rising considerably from 5.99% to 6.63% in the last month.  As of today they are at 6.38%.  The rise in rates started due to the conflict in Iran.  As such, oil prices went up.  While not directly related they tend to move in concert.  However, with the potential for peace that is being negotiated, oil price are coming down as well as mortgage interest rates.  Will thefluctuation in rates have a negative impact on the housing market?  We won’t really know until April’s data comesout.  As for now, the Spring market seems to be under way. 

In this episode I highlight the usual data, comparing importantmetrics for Boulder, Larimer and Weld Counties.  I discuss the year-over-year and the month-over-month data.  If you have any questions or want information on your specific local market, don’t hesitate to get in touch.

Regards,

Sean