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

It's a mixed market for sellers right now. While more homes are coming onto the market, prices have been going down, and homes are taking a bit longer to sell than in some past periods. More homes are also seeing price reductions. However, demand is still present with thousands of homes currently under contract.Selling your home today means entering a market where the median listing price is around $574,900. This is actually down by 0.8% from the previous month and 4.2% lower than the same time last year.The number of homes available for sale, called active listings, has increased by 2.1% over the past year, with nearly 13,000 homes on the market. We

Selling your home right now means accepting a lower price compared to last year, as the median listing price has dropped. However, homes are selling a little faster than they were a year ago. The median listing price is currently $574,900. This is 0.8% lower than the prior month and 4.2% lower compared to last year. This means sellers are, on average, asking for less money for their homes than they were twelve months ago. More homes are coming onto the market, with new listings up 6.4% over the past year. Even with more new homes available, the total number of active listings has only slightly increased by 2.1%. Homes are sitting on the market for an average of 57 days, which is slightly quicker than last year. However, about one-third of homes are having their prices reduced before they sell, suggesting buyers are looking for deals. Considering these factors, if you are a seller, be prepared that your home might sell for less than it would have a year ago, and you might need to adjust your asking price to attract buyers.