Wednesday marked the first official day of summer and the longest day of the year.
Coincidentally, the research shows us that listings are taking far longer to sell than one year ago.
Specifically, days on market has increased by the following amounts in our market versus exactly one year ago:
Larimer County: 210%
Weld County: 100%
Metro Denver: 122%
Even though days on market is up significantly over one year ago, properties are selling faster on average than what is considered ‘normal.’
Over the last 10 years, average days on market has been between 70 and 50 days. So, while properties are taking longer to sell versus the market of one year ago, they are still selling much faster than normal.