One of the questions I receive the most from buyers today is:
“Will interest rates go down, and should I wait to buy?”
Here’s the truth: market timing is far less important than market readiness, especially in hot Colorado submarkets.
Rates Might Shift, But Prices Will Too
Waiting for interest rates to drop can seem appealing, but here’s the catch:
If rates decrease, competition increases. And competition drives up home prices. Significantly.
In neighborhoods like:
-
LoHi
-
Curtis Park
-
Cherry Creek
-
Observatory Park
-
Chautauqua
…buyers quickly enter bidding wars when rates dip even slightly.
Denver Market Strategy
Even with rate fluctuations, sellers in popular Denver neighborhoods remain confident. Many buyers choose to commit their search to homes that fit not only their needs but their lifestyle, with plans to refinance their interest rate later. As inventory increases the chance of securing the home of your dreams at a good price with great terms remains high.
Boulder Market Strategy
Because Boulder has such limited inventory, waiting often means missing out. Prices rarely drop significantly here, and competing buyers move fast. Regardless of interest rates.
Broomfield, Westminster, and Thornton Strategy
These areas tend to offer more options, newer builds, and competitive pricing. Buying now may allow you to secure a better deal before appreciation continues climbing. New construction is more popular in these areas, and many builders are offering incentives to buyers that cover everything from closing costs to interest rate buy downs.
What Smart Buyers Do
-
Lock in a home during a period of moderate to low competition
-
Budget appropriately now, and refinance when rates shift
-
Build equity sooner instead of waiting on uncertain future conditions
- Research new construction homes and the incentives provided by the builder
If you’re planning a purchase in the next 12 months, now is the right time to start the conversation. Contact Ryan Retaleato today for guidance through Denver, Boulder, Broomfield, Westminster, and Thornton. He’ll help you align timing, budget, and strategy to win in this market.
