Best Time to Sell in Denver

September 4, 2019

Best Time to Sell in Denver

Deciding to sell your home may stem from a variety of reasons, however the question always remains the same: When is the best time to sell in your area? Whether you are new to real estate or an avid industry follower, we all know location is one of the most crucial factors in this industry. However, this isn’t the only variable to consider. The current economic state can have a tremendous impact on your closing figures. But one thing that many people tend to overlook is the importance of selling your home during the right time of the year.

Though the real estate industry is continuous throughout the entire year, the cyclical patterns identify periods where selling your home is more successful than others. Below we take a look at these trends for Denver and how these might influence your selling timeline.

Which seasons are best for selling your home?

As you might expect, late spring and early summer are the optimal time of the year to sell your home. Houses that are put on the market in Greater Denver during these times will typically close for an above average price and also have a below average number of days on the market. Many sellers find between the months of March and May home buyers are out in full force leading to more buyers than inventory. This can lead to increased competition and offers.

Early fall and the middle of winter are the worst times to put your home on the market. Though there are obviously many variables influencing the value of your home, these trends can be seen year after year.  However if events occur which require a sale in these winter months, although prices may have declined come September, buyers searching for homes during this winter period have a specific purpose in mind and look to make decisions quickly. 

When is the best month to sell your home in Denver?

The best month to close on your home in Denver is June. In fact, between the years 2014 and 2017, Denver homes that closed in June went for 5.16% above the average cost of comparable homes. Though the best month for closings is June, this same set of data suggests that the best month for listings is May.

When is the worst month to sell your home in Denver?

One of the reasons the summer months create a “warm” real estate market is the fact that many parents move in accordance with the school year. Once school actually begins, the market cools down quite a bit.

The worst month to sell your home in Denver is September. Homes that close in September typically go for 5.66% below the average market price. January and February also fare quite poorly. Homes that are on the market during the winter will typically remain there longer and have fewer showings.

What are the consequences of these trends?

If you are planning on selling your home, the importance of timing the market is not something you should willingly ignore. If possible, you should try to take advantage of the clear benefits to selling your home in late spring or early summer.

Obviously, there are many other variables—such as your need to start a job in another city—that you will also need to consider. But by timing the sale of your home with the general trends occurring in the Denver real estate market, you can get a better deal on your property while simultaneously decreasing the total cost of closing.





Recent Blog Posts

Stay up to date on the latest real estate trends.

Infinity Vector at the Canyons Available Home Options

Jason Cummings  |  January 23, 2023

Ever since Infinity left the city they’ve made quite a splash with their launch of The Vector at the Canyons in Castle Pines!

Denver’s Central Park

Jason Cummings  |  January 17, 2023

Central Park, which is located right outside of Denver, is the perfect place to live, in so many ways.

4 Tips for Selling in 2023

Jason Cummings  |  January 13, 2023

Making sure your home shows exceptionally well is crucial in today’s market.

Infinity New Build Options Available In Central Park, Denver

Jason Cummings  |  January 12, 2023

One of the joys of homebuilding is creating and developing innovative architecture and thoughtful design.

Castle Pines, Colorado…More Than Just a Pretty Place to Live

Jason Cummings  |  January 6, 2023

Colorado has remained an even more popular destination for Americans who are making their way out of places like California and New York.

The 7 Pools of Central Park

Jason Cummings  |  October 20, 2022

Summer may be over, but as the temperatures drop, we’ve already found ourselves missing warmer weather and everything that comes with it.

Central Park Fall Festival 2022

Jason Cummings  |  September 27, 2022

The leaves are changing, temperatures are dropping, and fall is in the air!

Favorite 5 Fall Mountain Hikes

Jason Cummings  |  September 14, 2022

Fall is one of my favorite times of the year, and just happens to be one of the most magical times to head out into the mountains.

6 Must-See New Restaurants & Bars in Denver

Jason Cummings  |  August 17, 2022

It’s time to ditch your typical go-to spots and try something new this summer.


DENVER'S TRUSTED REALTOR®

The team combines expertise with a willingness to think outside the box and break the mold to stay on the cutting edge of a shifting real estate industry. Whether you’re thinking about listing a house, beginning your search for a new home, or have a question about the area, please feel free to contact us.