How Do We Know When We’re at the Market Peak?

Are we at the peak of the market? Not yet, but we won’t know we were at it until it’s behind us.

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Have you ever been hiking and when you think you’re finally at the peak, you’re actually just at a false summit and there is a bit more to climb? If you’re an avid hiker, you know what I mean. Once you’re at that plateau, all you’ve got is a bit more of an incline to get to the top. You’ve done the hard, steep climbing already. That’s what the market is like right now in Denver.

We’ve taken our biggest vertical ascent already and are now at the point where we are inching up until we get to the peak. I think it will be another four or five years before we get there, but we won’t see that sharp appreciation that we’ve been seeing for the last few years.

This makes now a great time to consider selling. In my opinion, we don’t have too much more room for growth. The properties that are coming on the market right now are the properties that sellers have been meticulously preparing as they wait for this moment. These are properties with the best locations and best upgrades, and those sellers are listing now. If your home has an amazing location and tons of upgrades, now is a perfect time to sell high and buy low.

You’ll never know that you’re at the peak of the market while you’re in the moment, but you certainly will know when you’re off of it and you don’t want to be behind it. I believe in my heart that we are past the biggest jumps in appreciation in this market and from here on out, appreciation will be much slower. 

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You don’t want to be behind the peak.

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If you’d like to discuss this topic further or if you are interested in taking advantage of the market, give me a call or send me an email. I would love to hear from you.