March Real Estate Trends in Colorado Front Range
- Chelsea Steen
- Mar 5, 2024
- 2 min read
Rising Prices
The Colorado Front Range real estate market is buzzing with activity. Average home prices have increased by 2.05%, reaching an impressive $576,584. Sellers, this is great news! Your investment is appreciating, and buyers are willing to pay a premium for the right property.
Increased Transactions
Buyers, listen up! The number of closed transactions has surged by 31.20%. That means more homes are changing hands, and the market is brimming with opportunities. Whether you’re a first-time buyer or looking to upgrade, now is the time to explore the diverse range of properties available.
Tight Inventory
Here’s where it gets interesting: the months of inventory have dropped significantly, down by 18.91% to a mere 1.93 months. What does this mean? Well, it’s a seller’s market! Inventory is tight, and motivated buyers are ready to pounce on well-priced homes. If you’re selling, prepare for a flurry of interest if your home is priced right.
Tips for Sellers
Price Strategically: Work closely with me to set the right asking price. Remember, buyers are savvy and willing to negotiate, but your home needs to stand out.
Boost Your Listing: Invest in home improvements, staging, and top-notch marketing. A little effort can go along way in attracting the right buyers.
Start Early: Spring is around the corner, and your negotiating power will increase. Reach out to me now to discuss your listing strategy.
Tips for Buyers
Be Strategic: While demand is high, don’t rush. Be intentional about your search. Consider rate-reducing products like 3/2/1 Buydowns to save on financing costs.
Stay Informed: Don’t let alarming headlines scare you. Contrary to what the negative media might say, there are still opportunities to buy. Talk to your lender about the best financing options.
Act Now: There’s no perfect market. If you’re ready to buy, upgrade, or invest, start as soon as possible. The early bird catches the worm!
Photo Credit: Kaytlyn Perez Photography
Remember, real estate is about timing and strategy. Whether you’re selling or buying, the Colorado Front Range offers exciting opportunities. Connect with me today, and let’s make your real estate dreams a reality!
Chelsea Steen Realtor
740-334-9898
Source: Denver Metro Association of Realtors
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