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Should You Buy, Should You Sell, What Is The Data Telling Us?
Video Transcript Below
Real Estate is going crazy, so what’s happening locally here in the Real Estate market. Should you buy, should you sell, should you wait, should I stay, or should I go Now? Okay, I am not a singer, but a great song.
Denver Housing Inventory Is Crazy Low
Well, let’s look at what the data is telling us. Hi, my name is Tristan Colborg with The Denver Real Estate Agent.com and EXP Realty in Denver. In Commerce City, we only have .9 months of inventory, and this is considerably low. That means if no more homes came on the market, it would take less than a month to sell all the homes. That short time frame is crazy low and some of the lowest numbers ever seen in this market. Their average number of days on the market is 4. Now, remember this is the average. We are seeing homes go pending much more quickly than that. I do advise you to leave your home active for at least a week so that you have the opportunity to get the highest quality offer. If you take an offer too soon, you may lose out on other offers that are coming your way.
Average List Price Of Denver Area Homes
The Average List Price is $476,000, and homes over the past 3 months have closed on average 103% to list price, which means on average, homes are selling for around $14,000 above list price. Let’s look at Thornton…….
Thornton is very similar. Thornton has less than .4 months of inventory on the market. The average days on the market and how long it takes for a home to go pending are also 4 days. The Average List Price is $456,000, and homes in Thornton are closing at 104.77% to list price. So what’s the market like in Commerce City, CO 80022, Well it’s SMOKING HOT!! And what’s the market like in Thornton, CO 80233? Also Ridiculously Hot and I am your Community Market Leader.
So give me a call here at The Denver Real Estate Agent.com as I am always here to help, and remember you deserve an elevated real estate experience.