Jefferson County, Colorado, Single Family Homes Market Report
A review of the latest numbers released for the housing market encompassing Arvada, Littleton and Lakewood Cities for April 2020
Over the past decade, generally, Colorado has been a strong seller’s market. We know this because when a property is listed for sale, it does not last long. A sub-market of the greater Denver Metro area is Jefferson County. Care of the Colorado Association of Realtors, we can look at various statistics and numbers. For today we are focusing on single-family homes located in Jefferson County, For April 2020.
In today’s housing market report, we must also keep the impact that the coronavirus is having.
Don’t miss the comments by local real estate agents below. You might be surprised by what they are saying.
Here is a summary of what we found.
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As part of writing this article, I reached out to several Jefferson County real estate agents. Across the board, there was a consensus on how COVID-19 was impacting today’s housing market. The most noticeable effect the coronaviruses are having on the market is a decrease in listings. Industry experts local to Jefferson County feel people that want to sell are holding off. Jason, who works out of Littleton, commented, “They a weary and uncertain because of the pandemic. Therefore they’re not listing their homes.” We see this reflected in today’s report with a significant reduction in the number of active listings.
Days on the market, a low number being an indication of a seller’s market, have gone down a lot compared to this time last year. “After taking a look at the days on market end the number of listings, I’m advising people that now is a great time to sell,” continued Jason. He went on to say, “Not only that, but interest rates remain at historically low levels. This gives people more buying power.”
James, a coworker of Jason, agreed and added, “Due to the coronavirus, the are some added restrictions, but we have a process in place that helps us get houses sold really quickly and help those who want to sell their house fast. We are super excited for the summer of 2020.”
Hi, My name is Shaun.
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