In reviewing the data from this months sales in Congress Park, I realized that it is important for homeowners to look at the huge difference between the Average Days to Sell (mean) and the Average Days to Sell (Median). There is an important distinction between these figures because there is a skewed distribution in the data…IE there are a few houses that were on the market for a very long time. When looking at all 16 sales that closed this month, the ones that took a normal amount of time…The 8th and 9th houses to sell took around 6 days to go under contract. That is a blazing fast market for home-sellers, and it requires sales strategies that Realtors were not using a year or so ago. Pricing and handling multiple offers have become more important than ever. Your Realtor’s ability to leverage the Seller’s market, so that you take the strongest position possible while negotiating inspections and appraisals is likely to have a profound effect on success of your home sale.
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Congress Park Real Estate, Denver