We've all seen the news reports comparing "Days on Market" statistics relating to home sales. What does it mean when you are considering putting your house on the market? "Days on the Market" tells Realtors and sellers how long the average home is taking before it is under contract. Add an additional 35 days, the approximate time it takes from the time a house is under contract to finishing the deal at the closing table, and you have an average timeline from listing to moving date. It is only an average. Imagine the surprise of some sellers who are under contract within a week of the sign being put up in the front yard and then others, who are living with the frustration of having their home sit month after month unsold, some for over a year. "Days on Market" gives a seller a ballpark idea on what to expect.
Area | Avg. Days | Listing Date | Under Contract | Closing Date | Avg. Sales |
Aurora North | 128 | July 1st | November 3rd | December 8th | $126,916 |
Aurora South | 103 | July 1st | October 9th | November 13th | $223,001 |
Broomfield | 109 | July 1st | October 15th | November 19th | $352,599 |
Denver Northeast | 107 | July 1st | October 13th | November 17th | $231,127 |
Denver Northwest | 83 | July 1st | September 19th | October 24th | $253,461 |
Denver Southeast | 100 | July 1st | October 6th | November 10th | $472,568 |
Denver Southwest | 109 | July 1st | October 15th | November 19th | $158,650 |
Douglas/Elbert/Parker | 121 | July 1st | October 27th | December 1st | $371,906 |
Highlands Ranch/Lonetree | 72 | July 1st | September 8th | October 13th | $360,784 |
These are average residential figures only. Your experience may be much different depending upon the condition of your home, the specific location and pricing. If you want to get your house sold before the end of the year, you may want to consider listing it in the near future.
Based on information from Metrolist, Inc. for the period of January 1, 2007 to May 31, 2007. Note: This representation is based in whole or in part in content supplied by Metrolist, Inc. does not guarantee nor is in any way responsible for its accuracy. Content maintained by Metrolist, Inc. may not reflect all real estate activity in the market.
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