Denver Market Insight from Drew Morris

A common question I hear from our home seller clients is how fast do you think we’ll sell and how much over list price? With our hot real estate market, it’s a great question.

When we look at all recent home closings and break them into quartiles based on list to close price premiums, there are a few things we can learn:

The top 25% of homes sold at least 6.5% above list price.
The middle 50% sold anywhere between 0 and 6.5% above list.
Surprisingly, the bottom 25% sold at list price or a believe it or not.. a discount!

When it came to days on market, the fastest 25% sold in 3 days or less. The slowest 25% took at least 10 or more days.

Each home and neighborhood will have its own market conditions which will play into how quickly your home sells and for how much. As neighborhood experts, We love to dig into the market data and give you our thoughts. If youve been considering selling a property in the Denver and Boulder area, reach out to us today. Wed be happy to help!

More listings here: https://modernwesthome.com/our-listings/
Local Market Reports here: https://modernwesthome.com/market-rep…
Your Home Valuation here: https://listings.modernwesthome.com/i…
Contact ModernWest Home for more information.
303-929-7844

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