Simply put, the statistics are saying that Colorado real estate is steadily recovering, and it doesn’t look to be stopping anytime soon. Whether you are a home seller or a home buyer looking in Denver or surrounding areas such as Aurora, you should be paying attention to what the market trends are saying.

Some important trends to take note of:

More homes are selling

The Colorado Association of Realtors has reported that first quarter sales for Colorado are up by 16% since last year. Included in this figure are 18,000 residential properties. Denver constitutes quite a bit of these homes, as it is one of the most desired places to live in Colorado. Alone, Denver home sales have increased by 17.5 percent since 2011. Denver houses appeal to buyers for a mountain of reasons—the beautiful environment, nice weather, great communities, exciting nightlife, recreational activities, and a diverse selection of homes to choose from. No matter what kind of home you’re looking for, you’ll find it in Denver. Check out a new luxury home in Cherry Creek or a charming historical Victorian in Baker. Or, perhaps your style is more of a Berkeley fixer-upper, a converted industrial loft, or a laid-back bungalow. Denver and surrounding areas such as Aurora have many of these styles and more, so you are bound to find your dream home.

Homes are selling faster

It’s not only important to see that more homes are selling, but that these homes are selling faster. On average, Colorado homes are staying on the market for 90 days, around a week sooner than last year. This means that if you have gotten used to the speed homes were selling a few years ago, many of the homes you would be interested in won’t be available for as long as you’d think.

What this means for buyers and sellers

As homes continue to sell faster, it’s important to stay in the game and take the chance to consider houses before another buyer snatches up your perfect home. This also means that the real estate game pace will be moving faster. Sellers must be ready for shorter sale periods and buyers must be ready to face more competition, as houses are spending less time sitting. Many buyers may not have the opportunity to further consider their decision as the house remains on the market. For help listing or looking for homes for sale in Denver CO and Aurora, considering hiring a PorchLight real estate agent to compete in this fast paced market.

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