Troy Hansford for Denver Real Estate | 303-617-0607 | HansfordTeam@TroyHansford.com
          

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What Do Recent Market Trends Mean for You?

Today, we’re going to take a look at how the market performed in the 2nd and 3rd quarters, and make a prediction about what to expect in the 4th quarter here in Denver.

In April, we had about 14,000 properties on the market. That number grew through July, where it hit 16,000, before tapering off in September. Despite the inventory being lower than usual, this is pretty typical market behavior. 
We were selling under 6,000 homes in April. Again, that number rose in the summer months. This is because most homes go under contract in May and June, and close between June and April. The number of home sales also tapers in September, once the cold starts to set in.
What does all of this mean? For one, it gives us a pretty clear idea of the supply and demand situation. Even though more homes are sold in the summer, there are fewer homes on the market in the fall. This means that, contrary to popular belief, the fall is a pretty ideal time to sell. People have taken their unsold homes off the market, but there are still buyers out there looking. With fewer sellers to compete with, the fall and winter months are a great time to sell your home fast and for top dollar.
If you have questions about this or any other real estate topic, don’t hesitate to give us a call or shoot us an email. We would love to hear from you!