Bottom Line 06.20.22: The market remains super tight even though there are a number of new listings hitting the Aspen MLS for the start of the summer selling season.
Sellers continue to feel robust and confident in this record low inventory market. There are many buyers chasing after the few properties available.
Yet, the economic backdrop is one of increasing uncertainty. A deteriorating stock market off 23% so far in 2022 is not a good news for Aspen.
“It’s the worst start of the year since 1932” according to the WSJ this morning and “stocks historically don’t bottom out until the Fed eases. If history is any guide, the stock market selloff might still be in its early stages.” READ MORE