A recent Realtor.com report for March statistics show that Denver area real estate market is No. 2 in the nation for the shortest time period, 33 days, that a home is listed for sale before being sold.
That’s a very large drop, 28% from the length of time a home took to sell this time last year.
The median time period throughout the nation before a home is sold is 89 days. So our Denver metro area market is moving much faster than almost all of the other markets in the nation.
Our Denver area median price is $259,900 which is higher than the national average of $189,900.
Some areas of town, which are in high demand, are experiencing a switch to a seller’s market – with well priced properties in good condition are going Under Contract rapidly and sometimes with multiple offers. Those neighborhoods have a short supply of homes and are selling fast.
If you have been putting off getting into the real estate market, this may be the perfect time to make your move. We may have already hit the bottom of the market, interest rates are still at very low historical rates at around 4.0%, and prices have not begun going up substantially yet.
Start by searching for Denver area real estate here.
If you would like to consider entering the market now, call or text me for your free private consultation at 303-944-1153.