Spring Is Here And So Is The Selling Season
The Denver Real Estate market has woken from the winter slumber and new listings are popping up just like the tulips.
According to the latest marketing statistics from REcolorado, the Denver Metro market continued to experience increased inventory levels in the month of April. There are many more options for buyers than they have had in quite a while. This hopefully will bring some much needed relief for Buyers who have felt the strain of trying to find a home in this competitive real estate market.
What Buyers Need to Know
Both weeks of inventory and days on market have increased since last year, suggesting that the housing market is reaching more of a level or "Even" market. Don't worry, homes are still selling quickly especially homes listed at $300-500,000 continue to see the most activity. They typically spend fewer days on the market than the higher priced homes.
What Sellers Need to Know
There was an increase in new listings in April 19, with listings increasing by 20% more than April 18. The home buying and selling season is well underway in Denver.
Thinking of putting your home on the market this year? Make sure to reach out to Denver Realty Pro, LLC. We are market experts and understand the trends specific to your neighborhood and comparable homes so you can make an informed decision about when to list your home.
*Denver Realty Pro, LLC would like to credit REcolorado for the content included in this blog post.
