Wow, this summer Centennial CO real estate market is hot.
As you can see from the below chart, the median price of homes in the Centennial area has risen from around $324,000 most recenty in March (just 3 months ago) to approximately $347,000 this month – up from $340,000 last month.
We may have seen the bottom of the market. If you are waiting for a recovery before you sell your home, this might be the perfect time to jump in the market because inventory of homes on the market is very, very low. Some neighborhoods are experiencing a seller’s market and homes that are price right and in great condition are receiving multiple offers.
The Average Days on the Market has been decreasing since about March of this year. When you look at the above graph, you can see a good downward trend on the “Days on the Market” for a property because inventory of available homes is so low.
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 are looking to take advantage of this buying opportunity, interest rates are still extremely low – around 4.0%. Search for the perfect Centennial home here.
If you need a private consultation on your particular real estate situation, call me (Vickie Hall) at 303-944-1153 or email me.