As we open the door into the final months of 2023, we look back upon the lessons we learned in the first three quarters of the balanced, yet perpetually growing Colorado real estate market. According to Bankrate.com, inflation across core sectors, including food and energy, informed the rise of interest rates in the third quarter of 2023. While these higher rates have lowered the buying power of home seekers, a strong job market has helped to balance the increased cost of borrowing money, especially in Colorado, where the unemployment rate remains below 3.0% compared to the national average of 3.5% (according to Colorado.gov).

To discover our previous marketing reports, visit our Quarterly Market Report page.