How long do homes take to sell in Denver?

In Denver, homes are selling in about 48 days right now. This is a bit longer than last year. Right now, homes are staying on the market about 3 days longer compared to a year ago, which is an increase of 6.7%. So things are moving a little slower. The number of homes for sale is 12,572, which is 4.9% fewer than last year. Even with fewer homes available, they are taking a bit longer to sell. The median listing price is $589,000, and this hasn't changed at all from the previous month. However, it is down 3.4% compared to this time last year. If you're selling in Denver, be prepared for your home to potentially sit on the market for a bit longer than homes did last year. Pricing your home right from the start could help it sell closer to the average time.

Homes in Denver are taking a bit longer to sell right now, with the typical home spending 48 days on the market. This is slightly longer than what we saw over the past year. Compared to last year, homes are staying on the market about 6.7% longer. This suggests that buyers have a little more time to make decisions. While homes are lingering a bit longer, the number of homes for sale has actually dipped. The total number of active listings is down 4.9% from last year, meaning there are fewer options overall for buyers. About 29% of homes have had their prices lowered. This percentage is down 4.6% from last year, which could mean fewer sellers are needing to drop their prices to attract buyers. For someone looking to sell their home in Denver, it's important to price your home competitively and be prepared for it to take a little longer to find a buyer than it might have in the past.