Everything Is Up…Is That A Good Thing?
With the 117% increase in homes for sale in Washington Park, came a 67% increase in homes that are pending and a 33% increase in closings, all good news! It makes sense that with more to choose from, some buyers are finding what they have been looking for.
The one thing that is up that is not an advantage to Sellers is the Days on Market (DOM). It is now taking 24% longer to sell a Washington Park home than it did a year ago. The average number may be skewed by the high end with homes over $3 million now taking an average of 4 months to sell. However, homes under $1 million are still selling quickly at 31 days.
If you are thinking of making a move, it is still a great time to do so. If you are a buyer, especially for the high end, your advantage has increased but it still lies with the Seller. If we can help you determine the current conditions for either buying or selling a home anywhere in the area, please don’t hesitate to reach out.
Your call to The Bridge Team at 303-331-4562 will be warmly received.
