With more inventory, motivated sellers, and lower interest rates, this fall offers buyers a unique opportunity to negotiate before the spring market heats up. There is now a standing inventory of 4 months’ supply at today’s rate of demand as the market is moving toward a balanced market, which is a far cry from the pandemic-fueled frenzy when there was less than 1 month of inventory available for buyers to cope with.

On the other hand, prices continue to rise and well-priced homes are selling in less than 30 days. Buyers deciding to wait for lower mortgage rates may face higher prices and more competition as demand surges again next spring. For an in-depth report on the foothills market at every price point, click here for our latest Market Segment Report.