Despite waning buyers’ frenzy and interest rate increases, real estate prices continue to climb

0
58

The past year has seen an unprecedented period in Summit County real estate history, with skyrocketing prices and a flurry of local and national buyers scrambling to capture the limited available inventory. And with the first hints of a recession now on the national horizon, many sellers are wondering if this is the right time to cash in on the momentum, before circumstances change.

The issues ahead illustrate the benefits of working with a localized real estate team that has deep, long-standing roots in the county. (photo courtesy of Nelson Walley Real Estate)

Debbie Nelson, broker-owner with Nelson Walley Real Estate, suggests that circumstances have indeed changed in recent months, with the gold rush-styled surge in mountain property sales finally taking a breather.

“We saw an incredible buyers’ frenzy from June until about mid-March – every property got multiple offers and prices were all way over list, based…

Read more…