While some prospective home buyers and sellers may still be waiting for the spring market to ramp up before making a move, market studies show that sellers who list sooner are more likely to see a larger benefit from taking advantage of early buyer activity.
Heading into March, some prospective home buyers and sellers may still be waiting for the spring market to ramp up before making a move.
However, it’s predicted that sellers who list sooner are more likely to see a larger benefit from taking advantage of early buyer activity (reported from Megan Aller, sales executive with First American Title). On the flip side, sellers who wait until the summer months to list their homes should be prepared to sit on the market for a little longer.
The Greater Metro Denver Real Estate Review (Aller’s report) looks at previous years’ history and shares helpful predictions for anyone interested in making a real estate transaction this year.
The main takeaway for 2019 is that sellers who get on the market sooner will see the most benefit.
Another interesting fact: Over the last 10 years, the weekend immediately following the last game played by the Denver Broncos showed an increase in real estate activity. For the 2018 season, we unfortunately saw this increase sooner than desired for Broncos fans, with a healthy uptick in January real estate.
As reported by LIV Sotheby’s International Realty in its monthly market reports, it’s evident there are sellers who are following this advice and have already listed their homes.
Looking at the last 12 months, year-over-year, metro Denver homes $1,000,000 and above reported extraordinary results with a 16 percent increase in total sales volume, a 15 percent increase in properties sold and a 19 percent decrease in average days on market. These metrics show that 2019 is off to a healthy start for real estate within the luxury sector of the metro Denver area.
As mentioned by Shannel Ryan, senior vice president and managing broker for LIV Sotheby’s International Realty, there are clear signals that 2019 market activity is off to a great start when looking at all price points as well.
“To understand what is happening today, we can look at showing activity for the last two weeks of February versus the first two weeks of February,” Ryan said. “LIV Sotheby’s International Realty’s showing activity is up 17 percent during the past two weeks and up nearly 10 percent over last year across all price points — a great indication that 2019 market activity is off to an excellent start.”
Heading into March, some prospective home buyers and sellers may still be waiting for the spring market to ramp up before making a move.
However, it’s predicted that sellers who list sooner are more likely to see a larger benefit from taking advantage of early buyer activity (reported from Megan Aller, sales executive with First American Title). On the flip side, sellers who wait until the summer months to list their homes should be prepared to sit on the market for a little longer.
The Greater Metro Denver Real Estate Review (Aller’s report) looks at previous years’ history and shares helpful predictions for anyone interested in making a real estate transaction this year.
The main takeaway for 2019 is that sellers who get on the market sooner will see the most benefit.
Another interesting fact: Over the last 10 years, the weekend immediately following the last game played by the Denver Broncos showed an increase in real estate activity. For the 2018 season, we unfortunately saw this increase sooner than desired for Broncos fans, with a healthy uptick in January real estate.
As reported by LIV Sotheby’s International Realty in its monthly market reports, it’s evident there are sellers who are following this advice and have already listed their homes.
Looking at the last 12 months, year-over-year, metro Denver homes $1,000,000 and above reported extraordinary results with a 16 percent increase in total sales volume, a 15 percent increase in properties sold and a 19 percent decrease in average days on market. These metrics show that 2019 is off to a healthy start for real estate within the luxury sector of the metro Denver area.
As mentioned by Shannel Ryan, senior vice president and managing broker for LIV Sotheby’s International Realty, there are clear signals that 2019 market activity is off to a great start when looking at all price points as well.
“To understand what is happening today, we can look at showing activity for the last two weeks of February versus the first two weeks of February,” Ryan said. “LIV Sotheby’s International Realty’s showing activity is up 17 percent during the past two weeks and up nearly 10 percent over last year across all price points — a great indication that 2019 market activity is off to an excellent start.”
By KELLI WILLIAMS | LIV Sotheby’s International Realty | Sponsored ContentFebruary 28, 2019 at 11:25 am