Is now a good time to sell my home in Denver?

Right now, selling your home in Denver means understanding a few key trends. While prices have held steady in the most recent month, they are a bit lower than last year. Your home might also take a little longer to sell than it would have a year ago. The median listing price in Denver is $589,000. This is practically the same as last month, which is good news for stability. However, it's down by 3.4% compared to this time last year, so prices aren't quite as high as they used to be. Homes are sitting on the market for a bit longer. The median home takes 48 days to sell, which is about 7% longer than over the past year. This means you might need to be a little more patient when waiting for an offer. Fewer homes are being put up for sale, with new listings down by 1.4% compared to last year. Even with fewer homes for sale, nearly a third of all listings (29.0%) have had their prices cut, a decrease of 4.6% from the past year. This suggests that some sellers might be pricing their homes too high initially. Buyers are still out there, with pending listings standing at 4,362, and the ratio of pending to active listings is 0.35, a small increase of 1.5% from last year. This shows that homes are still going under contract. As a seller, it’s important to price your home realistically from the start to attract buyers and avoid having to reduce your price later.

Right now in Denver, the median listing price for homes is $589,000, which hasn't changed from the prior month but is down slightly compared to last year. While the market has slowed down a bit, homes are still selling. There are 12,572 active listings, which is almost 5% fewer homes than last year. At the same time, fewer new homes are coming on the market, down 1.4% from a year ago. Homes are taking a bit longer to sell, staying on the market for a median of 48 days. This is about 7% longer than last year. Also, nearly three out of ten homes (29%) have had their prices reduced, which is a smaller share than last year. The median price per square foot is $286, a decrease of 3.5% over the past year. This shows that on average, homes are selling for a little less per square foot than they were in the previous year. Fewer homes are selling now compared to the number of homes for sale. There are 4,362 pending listings, meaning for every 100 homes on the market, about 35 are under contract. This is a bit higher than last year. If you're thinking of selling, you might need to price your home competitively and be prepared for it to take a little longer to find a buyer than it would have in the past.