What Is Going On In Our Market?

Today, I’m going to share with you what is going on with our market. Right now, of all the homes listed for sale, 36% of them are under contract, which is an amazing number. The market is very strong right now. Of those homes that are selling, they're taking on average 15 days to find a buyer, they're selling for 98% of list price, and we’re selling over 550 homes every single month! Which is fantastic!

 

People ask me, “Hey Dave, how's the market going? I heard we’re transitioning from a seller’s market to a buyer’s market.” And here’s what I can tell you: we are seeing the spring market contract. Back in 2015, the spring market started in January and went all the way to August. In 2019, the spring market started in mid-March and it peaked on May 13^th. Now, from May 13^th to the end of August, we see inventory grow - and it continues to grow until Labor Day. At which point it transitions back to a normal market. So, this year what we're seeing is timing is more important than ever. Whether you're buying or selling, you need to talk to an expert to make sure that you're timing your purchase or sale to get the most money possible.

Call me today at 303-442-5001. Let’s discuss your options. I'm really excited to speak with you.