When Is the Best Time to Sell A House in Colorado?
Research shows the best time to sell a house in Colorado is March on a Thursday. Now you don’t have to read anymore J
However is it the same for every Colorado City and County?
Maybe Jefferson County on the Front Range is different from Eagle County in the Mountains.
Selling a Condo in downtown Denver could be different than a single-family home in Lakewood, Colorado.
Today this guide will answer the following questions about selling a house in Colorado:
- What is the best Month to list and sell my house in Colorado?
- Is one day better than another to sell a house in Colorado?
- Best time of year to sell a home in Colorado in your area – Is Arvada and Lakewood the same?
- Do the seasons affect when to sell a house in Colorado. Cold Denver Winter versus light bright
- How to determine if it is a good time to sell my house in Colorado?
Shall we begin?
Table of Contents
The time of year you sell a ski house may be different than when you sell one in Denver as the picture could suggest
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What is the best Month to list and sell my house in Colorado?
The best time to Sell a House in Colorado is March if you’re trying to sell quickly, while the best time to maximize profit is July. Zillow recommends listing your home for sale in March, but no later than Labor Day, based on historical market trends.
Best month to Sell A House in Colorado
Historically, May was the best month to Sell A House in Colorado, but that changed to March in recent years. In 2019, homes listed during the weeks of March 11 and 18 sold fastest. Keep in mind, we omitted irregular data from 2020.
If you’re hoping to sell for more than the asking price, aim for the week of April 22. And try to list before September, because that’s when families start settling down to begin the school year. By October, sellers face the worst weeks of the year for maximizing gains — homes listed during the weeks of October 14 and 21 were least likely to sell above ask in 2019.
It’s important to remember that Colorado market circumstances also influence the best time to list your house. Those conditions include job growth, mortgage rates, and tax incentives.
Best month to Sell A House in Colorado – March
Best day of the week to list your house for Sale in Colorado - Thursday
The best time to sell a house in Colorado – Which day is the best?
List your house on a Thursday to increase the chances of your home selling more quickly and for more money.
Homes in Colorado listed on a Thursday typically go pending faster than any other day of the week, all other things being equal. The difference is notable in a market where homes are typically selling in seven days.
Colorado Homes listed on a Sunday tend to sit on the market eight days longer than those listed on a Thursday. Saturday and Monday are only marginally better than Sunday — putting a home up for sale on either of those days typically takes seven days longer to sell than a home listed on Thursday.
Zillow’s research also shows that Thursday listings are 1.5% more likely to sell above their asking price, while homes listed on either Saturday or Sunday were 1.3% less likely to sell above list.
Best time of year to Sell A House in Colorado in your area
The best time of the year to sell your house depends heavily on the location of your home. IF you are up in one of Colorado’s ski resorts compared to Denver.
There are lots of ways to work out which is the fastest month to list a house in your area. It is during this research that you can also start to pay attention to how much you will list your house for.
And it’s not conventional wisdom or gut feelings — it’s an analysis of seasonal sales patterns of homes in your area based on the month they were first listed.
Seasonality absolutely affects when to Sell A House in Colorado
Spring is typically the best time of year to list your home for sale — at least in the years before the pandemic-fueled housing boom. It’s when buyers tend to come out of winter hibernation and hit the market in droves.
It remains an open question whether 2021 will bring a return to normalcy in that sense. It’s likely that seasonality in the housing market will remain in some form, even if the changes from season to season are less dramatic than in the past.
In-fact the season you sell can also affect the cost and number of repairs you will have to make so if you want to sell a house without making repairs this is important to consider this.
Selling a house in the spring
If you perform research online you will quickly find that spring is a favorable time to sell a house in almost every part of the country. And this is certainly the case for Colorado. Potential buyers tend to shop for homes as the weather gets warmer, so prepping your home in the winter months to sell in spring usually makes sense. With tax refunds in their pockets, nicer weather for moving in the forecast, and summer break from the kids’ school coming up, it’s easy to see why spring is typically the most popular time to buy and sell.
Selling a house in the summer
Many of the same reasons buyers shop in the spring apply to home buying in summer as well — warm weather, school breaks, and simply having more hours of sunshine to hit up open houses and take home tours. Of course, summer is the time when most people take their vacations, so that might account for a bit of a slowdown. And, there are parts of the country where real estate is slow in the summer because it’s simply too hot to shop comfortably.
If your Colorado property is in a hot part of the state and you do not have air conditioning it might be prudent to consider not selling in the summer. Talk to your local real estate professional to get their thoughts.
Selling a house in the fall
Many CO buyers shopping in the early fall may be trying to move in time to get settled before the school year picks up or before the weather gets bad, and that feeling of urgency can be a benefit to sellers. However, many off-season shoppers are moving because of a job transfer, layoff, short sale, or family issue, so they can also be more sensitive to price.
These days Colorado is a state that is seeing a lot of people moving here so plenty of opportunities is there to sell your property.
Selling a house in the winter
While winter is traditionally the slowest season for home sales, if your climate is warm year-round (think Florida and the Southwest), your window for selling may even be better in the winter months as snowbirds flock to the sunshine.
Obviously, Colorado is cold in the winter months and this is also a time when there are many visitors to the Colorado Rockies to enjoy skiing.
Skiing is big business and real estate is extremely desirable – especially in the winter. If you are selling a condo in Eagle County or Summit County, home to resorts such as Vail and Breckenridge, you might consider the list in the winter for a faster sale.
Colorado, sell in peak market conditions
Of course, selling a house in Colorado successfully doesn’t all rely on what season you choose, or need to sell it. It’s also important to consider the state of your local housing market.
Something to consider and that will affect how well a house sells in Colorado:
- What are current housing trends?
- What is happening in the local real estate news?
- Are mortgage rates affordable for potential Colorado buyers?
So what is happening in Colorado’s real estate market?
USEFUL Resources:
Selling in a buyers market in Colorado
A buyers market occurs when the number of available properties for sale exceeds the number of people looking to buy. When inventory is high, sellers can expect their home to stay on the market longer before receiving an offer, and you may have to sell below the list price or make additional concessions to the buyer. (Learn more about selling a home in a buyers market.)
In Colorado the real estate market swings from buyers to sellers over time. This is part of the great real estate cycles.
Selling in a sellers market in Colorado
In a Colorado seller’s market, there are more potential home buyers than there are available properties. A seller’s market is the ideal time to sell your home, as you can expect it to sell more quickly and you’re more likely to receive multiple offers and sell for full price (or above).
In Denver, we have seen house prices sell for prices much higher than the list price during a seller’s market. Obviously, this is the opposite during a buyer’s market.
It doesn’t matter if it is a buyers market or a seller’s market there are always real estate investors looking to buy property. Selling to an investor for cash is becoming increasingly popular in Colorado. If you are thinking about discussing the plans for selling with investors be sure to learn how to spot fake we buy houses reviews.
Sell when mortgage rates are lower or just dropped
For the most part, Colorado mortgage rates are very similar to the rest of the country.
For the last number of years, mortgage rates have been historically low. The higher the rates, the farther a buyer’s budget has to stretch to get the home they want. When rates are low, though, first-time buyers are especially apt to buy.
30-year fixed-rate mortgage rates over the last nine years:
30-year fixed-rate mortgage rates over the last nine years. Aim to list your house on the market when rates are lowest to capture more home shoppers on the market. When rates are high, it’s difficult for buyers to afford expensive loans.
What local factors in Colorado make it a bad time to sell?
Colorado has several industries that draw tourism to the state. Both the summer and winter seasons see tourists coming by the droves and potentially influencing house prices. If the Colorado ski resorts have a bad snow year this can definitely affect the price of houses.
If you’re in a hurry to sell but the local housing market, interest rates, or seasonality are working against you, consider selling your home with Watson Buys. This program allows you to sell your house directly to Watson Buys. You’ll answer some basic questions about your house, have your home evaluated for free and receive an all-cash offer on your house in as little as a week. After accepting that offer, you can close in as little as 7 days or up to 90 days.
Regardless of the time of year or local conditions if you work with a cash buyer that is local to you, the best buyers will always close the deal and this is how.
Sell when you are ready, not when you have too. That's how you win in Colorado's real estate market!
When it comes down to it, the best time to sell is the best time for you. All kinds of personal factors can play into your decision to sell, from job changes to family changes to just generally feeling ready. Keep the following factors in mind:
Lifestyle changes: Job changes, relocations, a growing family, and downsizing are the most common reasons people decide to sell. Job-related moves often require a stricter timeline, whereas family-related moves can sometimes be timed to take advantage of beneficial market factors.
Emotional preparedness: No matter the reason for your move, it’s important to make sure you’re emotionally prepared. Even if you’re moving for a logical reason — for example, you’re a recent empty-nester downsizing after your kids are grown — it can be hard to let go of the memories associated with your family home. Give yourself time.
Financial benefits: If your home has gained substantial equity, the value you’ve built may be enough to get you a healthy down payment on your dream home or give you a comfortable cushion for retirement.
How long does it take to list a house in Colorado?
Sellers spend an average of seven months just thinking about selling before actually listing and it is no different in Colorado. Plus, they typically make at least a couple of home improvements.
After listing, U.S. homes sell within 55-70 days on average, which includes 25 days on the market (a record low in 2020) and the typical closing period.
Colorado is lower than the national average currently.
With that in mind, you can typically expect to reserve at least two months for preparing to sell, which will give you time to research your local market, hire an agent you trust, clean your home thoroughly and complete any minor repairs.
