“The middle class is going away” is an often-used adage when talking about society. It is also a good way to describe today’s real estate market. When it comes to properties for sale, the middle class has gone away.There is a class of listings which are priced to the market, in great condition, with world-class marketing.Then, there are those that are overpriced, not in good condition, with sub-par marketing.Properties in the first class are selling quickly, sometimes with multiple offers and sometimes even over list price.Properties in the second class are sitting on the market.Sellers, who want a successful result, must be in the first class.Buyers, who want a bargain or who want to ‘wheel and deal,’ can typically only find those opportunities in the second class.Here’s the thing. Rising interest rates have caused buyers to be more picky. Yet, low inventory has caused competition for the best properties.Both sellers and buyers need to know there is no middle class when it comes to listings.
Social Links Widget
Click here to edit the Social Media Links settings. This text will not be visible on the front end.
Fun Facts • Uncategorized • March 24, 2023
No Middle Class
by Windermere Evergreen
Fun Facts Not What Many Thought Despite higher interest rates, prices did not decrease like many people thought. They certainly have not crashed like many thought. Average prices along the Front Range have seen only a slight decrease versus last year. The average price in May this year has decreased versus May of last year by: 2.5% in Larimer County […]
Fun Facts In Demand For evidence that the Front Range is a desirable place to live and own real estate, look no further than the average price of our real estate. According to the National Association of Realtors, the average price of a home in the United States is $486,000. Compare that to the average price in our major […]
Fun Facts No Bear Altos Research is one of the most trusted sources of real estate market information in the United States. Each week they track every single home for sale across the Country. They analyze the pricing, supply, demand, and status changes for all listings. This amount of data allows them to expertly predict changes in the market. […]