12 Weeks vs. 24 Days

Time Flies

Know the true value of time;

snatch, seize, and enjoy every moment of it.

No idleness, no laziness, no procrastination:

never put off till tomorrow what you can do today.

     – Philip Stanhope, 4th Earl of Chesterfield

Metro Denver continues to lead the nation and set records in home sales – both the speed at which things are happening, and the price at which homes are selling. According to NAR (the National Association of Realtors), Denver has just a six week supply of homes available for sale at our current pace, versus a 4.5 month inventory nationally.

A recent Denver Post article highlighted that the average selling price for single family Metro Denver homes has reached a new high – a whopping $402,302 – the first time our market has ever seen an average sales price above $400K!

And despite an additional 7,566 new homes on the market in April (21% more than the previous month), homes continue to move quickly. Average days on market stands at just 24 days in Metro Denver compared to an average of 3 months from Listing to Contract around the country.

So maybe you are wondering whether you should sell. Or shaking your head at all of the competition and asking yourself whether it is worth trying to buy a home at all. While you ponder these thoughts… homes are selling for top dollar in record time – and one of them could be yours. While you peruse Pinterest dreaming of decor in a home you don’t own yet, people just like you are walking through the front door of their next dream home.

In times like these, I won’t put on any pressure. After all – business is booming, and Denver Area Real Estate is not exactly a tough sell! But I will say this: there are wonderful opportunities to be had for Sellers, and for Buyers dreaming of that next new home, you’ll need an expert guide in this competitive market.

Whether you are dreaming of dollar signs or wishing for a home to call your own – I’m just a phone call away.

Jack Meyers
jackestate@aol.com
303.263.3050
Twitter: @jackestate 

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