It’s definitely busy season for Denver buyers and sellers! In the month of May, there were almost 1000 more homes sold than the month before and the average sale price was over $10,000 higher than in April. Now that the sun is finally shining, there are more homes, condos and luxury properties coming on to the market since summer of last year.
To be exact: 3932 single family homes sold in May along with 1607 condos and 233 luxury homes (value of $1 million or more). The next couple of months will definitely be a busy time for real estate in Denver. Our advice to a seller is to think about a “Seller Counseling Session” with us. This will demonstrate your home value, set expectations, reduce risk, know what can and cannot do, outline the process, inform you of what Buyers are doing and provide resources.
Learn about the value of renovations and or upgrades, decluttering, and staging the home. Buyer demand will continue as we see more Buyers and Investors in the market. Many Buyers will be looking for a new home prior to the start of the school season. Buyers always will determine what your home is worth. As a Seller, if your home sits longer than a month, it is time to revisit the marketing strategy. The R&R Team is here to help and we would love to talk to you about buying or selling a home.
