We may have seen the bottom of the Centennial Real Estate market. If you are waiting for a recovery, this might be the perfect time to jump in before home prices rise more. This spring real estate market in Centennial CO is heating up.
As you can see from the below chart, the median price of homes in the Centennial area is approximately $340,000 this month up from around $324,000 most recently in March (just 2 months ago).
The Average Days on the Market has been rising steadily from last July, 2011 when it was approximately 82 days. It peaked in March of this year at around 128 days. When you look at the below graph, you can see a good downward trend on the Days on the Market for a property. Which means a home sells much faster.
Nationally, the metro Denver area is the 2nd lowest in the nation (33 days) for the number of Days on the Market (DOM). Nationally the Days on the Market is around 89 days. So our Denver metro area market is doing very well.
If you’re considering putting your home on the market, it’s important that you get the help of a professional realtor to help you make that decision and a professional stager to help you prepare your home for showings.
If you need a private consultation on your particular real estate situation, call me (Vickie Hall) at 303-944-1153 or email me.