“Time is not always a luxury that we have to work with,” says Jenny Usaj, a top-performing Denver actual property agent with greater than 15 years of expertise. “Realtors should always have a company like HomeLight which can provide a quick cash close for sellers who need a fast sale. Selling with kiddos, and dogs, or even moving out of state quickly for a new job, can really be stressful if using a traditional sales process.”
However seasoned Colorado brokers like Usaj may also get outcomes for sellers in want of a quick residence sale. “Being flexible with options and catering to the seller’s experience is a service that sellers should expect from their Realtors,” she says, including that, relying in your state of affairs, partnering with an skilled Colorado agent may be a greater choice. This may be very true for those who’re trying to retain essentially the most proceeds.
Choice 2: Rent a prime Colorado actual property agent
Even when time is of the essence, collaborating with a extremely expert actual property agent could make a world of distinction. A well-versed agent understands the Colorado housing market’s nuances, aiding you in reaching a fast and profitable sale.
Let’s take a fast have a look at present market dynamics, discover the benefits of promoting with knowledgeable actual property agent, and uncover how you will discover a top-notch actual property agent in your Colorado neighborhood.
How briskly are houses promoting in Colorado?
In Colorado, the present statewide median days on market (DOM) — the time from itemizing to a signed contract — is round 55 days. However sellers should additionally take note of the time till closing, which averages a further 44 days a purchaser usually wants to shut on a purchase order mortgage. Nevertheless, Usaj explains that the DOM can fluctuate even for houses in the identical metropolis.
“The Denver market is confusing for buyers to navigate,” she explains. “If your home is on the west side of town toward the mountains, we are still seeing multiple offers [and fast sales] in many neighborhoods.”
Usaj says one cause for that is the work-from-home tradition that has affected Denver-area housing market tendencies. “We are seeing more and more people living near the foothills and on the I-70 corridor to cut down on time in the car while enjoying the mountain lifestyle. Conversely, in the city core and in other areas east of town, homes are on the market for about two months.”
The next knowledge tables will present a clearer image of days on market tendencies by month, in addition to sale worth tendencies throughout Colorado. (Supply: Colorado Realtors)
Median DOM tendencies in Colorado
| Month | Median DOM (2023) | Median DOM (2024) |
| January | 62 | 65 |
| February | 65 | 62 |
| March | 56 | 56 |
| April | 47 | 48 |
| Could | 40 | 43 |
| June | 37 | 42 |
| July | 38 | 43 |
| August | 41 | 50 |
| September | 47 | 52 |
| October | 50 | |
| November | 52 | |
| December | 61 |
Doesn’t embrace the standard 44 days a purchaser wants to shut on a purchase order mortgage.
Homes in Colorado have been promoting sooner in 2023 in comparison with 2024. Although these DOMs nonetheless characterize a comparatively fast sale, it’s a noteworthy shift available in the market dynamics.
Median sale worth tendencies in Colorado
| Month | Median Sale Value (2023) | Median Sale Value (2024) |
| January | $520,000 | $548,950 |
| February | $535,500 | $558,900 |
| March | $554,000 | $576,945 |
| April | $565,000 | $595,000 |
| Could | $575,000 | $598,750 |
| June | $581,000 | $599,000 |
| July | $579,000 | $586,425 |
| August | $580,000 | $584,000 |
| September | $575,000 | $575,000 |
| October | $570,000 | |
| November | $559,000 | |
| December | $549,950 |
When it comes to sale costs, the median residence worth peaked in June 2024 at $599,000 however has since decreased, hovering round $575,000 in September 2023. This downward development in costs means that, whereas houses are nonetheless promoting comparatively shortly, sellers are ready till after the elections to make a transfer.
Advantages of promoting with a prime Colorado agent
Partnering with a prime actual property agent in your Colorado market can considerably expedite the method and assist safe a profitable sale, and show you how to preserve extra of your own home’s fairness. Listed below are some advantages {that a} seasoned actual property skilled brings to the desk:
- Skill to promote for extra: Prime brokers are expert at positioning your own home to shortly entice a flurry of potential patrons and maximize your return.
- Can generate a speedy sale: Leveraging their complete understanding of the Colorado market dynamics, an area actual property agent can join your own home to the appropriate purchaser pool.
- Correct, efficient pricing: An skilled agent is aware of the artwork of pricing a house proper, guaranteeing it doesn’t sit available on the market longer than mandatory.
- Skilled negotiation abilities: Professional negotiators, prime brokers can successfully deal with affords and counteroffers to safe the most effective deal within the shortest time attainable.
- Professional companion by your facet: With their huge data and sources, a prime actual property agent supplies dependable recommendation and assist, rushing up the decision-making course of.
- Will know what to repair and never repair: By advising on mandatory enhancements and discouraging pointless ones, a talented agent ensures you save time and concentrate on adjustments that genuinely add worth.
- Elevated advertising and marketing: Prime brokers know methods to market your own home successfully, utilizing high-quality pictures, staging, and state-specific ways to attraction to Colorado homebuyers, resulting in sooner gross sales.
- Contract savviness: A talented agent will navigate the contract complexities and deal with any points promptly, stopping delays in closing the sale.
- Can handle paperwork and disclosures: A prime agent can effectively deal with the in depth paperwork concerned in a house sale, rushing up the method and stopping authorized hitches.
- Community of expert professionals: Actual property brokers have a broad community of pros, together with inspectors, contractors, and attorneys, guaranteeing each stage of the gross sales course of is dealt with promptly and professionally.
Usaj explains that the post-pandemic Colorado housing market has shifted. “In the last few years, buyers wanted really any home that they could get because of the interest rates. Now that rates are back to a higher level, buyers are primarily moving because of a life-changing event; children, divorce, death…even dogs!”
The flexibility to market to those patrons is one massive method an agent can profit your sale. “While preparing the home is important, having a plan and creating a story about the home and new life for the buyer is key to getting top dollar and fewer days on the market,” she says. Usaj will share some knowledgeable fast-sell ideas in a second.
