The reality is this… History shows that this wouldn’t be a good strategy.
Our go-to source on price appreciation is the Federal Housing Finance Authority who produces a quarterly home price index. They have been tracking Larimer County for 41 years.
Their numbers show:
- Yearly prices have decreased only 6 times in history
- The average amount of that decrease is only 1.7%
So, someone who is waiting for prices to drop:
- Might be waiting a long time
- Might be disappointed that prices didn’t drop by all that much