With the holidays approaching, we experienced the typical slowdown in activity last month. Shifts that show our market is more balanced (stats provided by DMAR):
Inventory: True to the season, some sellers are pulling their homes off the market for the holidays. Yet the 9,300 homes is a whopping 39% more inventory than we had this time last year!
Days On The Market: No surprise – properties stayed on the market longer. And considering the average was 38 days in November 2023, this is a slower holiday season.
Sales Price: YET our sales pricing remains strong. Across the metro area, homes cost 5% more than this time last year.
Want to buy or sell (or both) in the next year? Now is the perfect time to discuss your goals so we’ve got a plan for the new year: (303) 868-3097.
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