The Best Times to Buy or Sell a House in Colorado

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Buying a new home or selling your current property is one of the most significant decisions you'll ever make. One of the first choices you'll have to make when buying or selling is when you want to move. Getting the timing right can make a big difference whether you are buying, selling, or both. Kenna Real Estate can help you to choose the best time to buy or sell in Colorado. We'll also be here to support you throughout the process. 

Best month to Move in Denver

When is the Best Time for You to Move?

The most important considerations when deciding when to buy or sell your home will usually be your circumstances. Moving home is a big decision, so you need to be sure that now is the right time for you to relocate. Consider the following points when deciding whether now is the right time to buy or sell your property. 

    • How Quickly Can You Move? Homes can sell quickly in Colorado, so it can be helpful to have a new place lined up when you put your home on the market. Consider renting or staying with family temporarily to ensure you can sell quickly. 
    • When Does the School Term End? If you have children in school, it can be a good idea to time your move according to the school year. Moving in summer will enable your child to complete the year, but you could also try to move at the end of the term to reduce the disruption. 
    • Are You Changing Jobs? If you have a new job lined up or you're transferring to another location, it can be best to sell your home before you start. However, your realtor can still handle the sale on your behalf, even if you're moving out of state and won't be here to manage things in person. 

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  • Will Moving Now Be Right for Your Finances? Buying or selling a home is a significant financial decision, so it's essential to get your finances in order and consider your options before committing to it. Get your finances in order, talk to some mortgage lenders to find out how much you can borrow and under what terms, and look at the local real estate market to see if prices are rising or falling. If there are any potential issues, you should take some time to address them before you take the next step. 
  • Are House Prices Rising, Falling, or Keeping Steady? Looking at the local market or asking an experienced realtor for advice on trends in property prices can be a good idea. Property prices are generally rising in Colorado as many people are looking to buy, but they are growing faster in some neighborhoods than others. Waiting just a few months could make a big difference to how much you spend to get your dream home or how much you can make when you sell. 

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Everyone's circumstances are different, and the right time to buy or sell a house can depend on various factors. It's essential to be sure that now is the right time for you to move, but it can also be a good idea to consider which times of year are best for buying or selling property in Colorado. If you can be flexible about when you move, then you can time your purchase or sale to ensure you get the best possible deal on your home. 

Best time of year to sell a house

Why Does the Property Market Fluctuate Through the Year? 

Many of the factors that you will consider when deciding when to move will also affect the other people who are planning to buy or sell homes. Many families will be keen to move at the end of the school term, and most people would prefer to avoid the disruption of a move during the holiday season. Since many of these factors occur at the same time every year, they generate predictable patterns in the market. More buyers will be looking for homes in Colorado at some times than others. The number of properties on the market will also change during the year, depending on when people sell their homes. The experience of buying or selling property can, therefore, vary depending on when you decide to move. 

Moving to Littleton, Colorado

When is the Best Time to Buy a Home in Colorado?

Buying a home in Colorado can take longer than selling a property here. Colorado is a sellers' market, and there is often a lot of competition for properties in the state, especially in the Denver metro region. It is a good idea to start looking early rather than waiting until you need to move. However, you will be at a significant advantage if you can be flexible about completion dates when you find the right home. Sellers will want to immediately start with you when many other buyers are interested in their property. You should be ready to act quickly, even if you find your dream home before you need to move in. It is also a good idea to get pre-approved for a mortgage before you start making offers. Financing will speed up the process and make you appear a more reliable choice to sellers. 

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Let us help you. Call or Text Kenna Real Estate at 303-955-4220 to get personalized assistance from our expert real estate agents.

If you decide when to start looking for a new home in Colorado, then some times of the year can be more advantageous for buyers. You might want to consider buying your home at one of the following times:

  • May to August: the late spring and summer months can be an excellent time to buy in Colorado as there tend to be more homes up for sale. A lot of families will be particularly keen to sell up at this time as the end of the school year is approaching, so you should see a lot of listings for single-family homes in the suburbs. Since more homes are on the market, there is less competition between buyers, and the listing prices tend to be slightly lower at this time of year. However, Colorado is still a competitive market, so you can still find yourself going up against other buyers when you make an offer on a property. 
  • December: the end of the year can be the best time to apply for a mortgage as many lenders will offer lower interest rates or other special deals over the holidays. Fewer people buy homes over the holiday season, so mortgage providers are keen to attract applications. As soon as the new year starts, these offers can dry up as many people decide to move once the year changes. 

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When is the Best Time to Sell a Home in Colorado? 

Homes tend to sell quickly in Colorado. In the most popular parts of the Denver metro area, the average time on the market is only a few days. It is expected to find a buyer within a few weeks of listing your property, but the number of people looking for homes like yours can vary during the year. When demand is higher, there will be more competition for properties, which can drive up prices. You will also likely achieve a quicker sale when more people look for homes in Colorado. 

Sellers in Colorado are generally at an advantage at any time of the year because many people are looking for homes in the state, especially around Denver. However, there are certain times of year when you're more likely to get a reasonable price for your property or to sell your home faster. 

Ready to find your dream home in Denver?
Let us help you. Call or Text Kenna Real Estate at 303-955-4220 to get personalized assistance from our expert real estate agents.

  • The New Year: Inventory tends to dip at the beginning of the year, so putting your home on the market in January or February can work well as there will be less competition from other sellers. Many buyers start looking at properties in the new year when they begin planning for the future. You could get more attention from potential buyers at this time of year. 
  • Springtime: Although the new year can be an excellent time to sell in Colorado, the best time to put your property on the market is usually the spring. The spring months of March, April, and May are perfect for sellers. Fewer homes are on the market at this time of year than there will be over the summer. You won't have to compete against as many other sellers to get attention from potential buyers. Since there is a lot of competition between buyers, you might also get better offers for your home. Properties in the Denver region will often sell above the listing price, especially at this time of year. 
  • Summer: Although there are usually more homes for sale over the summer, there can be some benefits to selling between June and August. More homes are on the market now, which can result in slightly lower sales prices. However, it is possible to get a quicker sale because there are also many people looking to move at this time of year. The summer can be a perfect time to sell a family home as many buyers with children hope to move before the new school year begins. 

Sell your House in the Winter

The worst time to sell your home is usually over the winter. Fewer buyers are looking for properties at this time of year. Buyers want to avoid going out looking for properties when the weather is cold or endure the stress of moving home over the holiday season. If you're thinking about selling during the winter, then it might be worth taking some time to improve your property and waiting to list it in the new year or spring. You could add value to your property by redecorating, renovating, or getting some repairs done. You'll also likely get a better price and a faster sale if you can hold off until the spring. 

Ready to find your dream home in Denver?
Let us help you. Call or Text Kenna Real Estate at 303-955-4220 to get personalized assistance from our expert real estate agents.

However, Colorado has always been a seller's market, especially in the Denver metro area. If you have your reasons for selling at a particular time of year, then you should still be able to get a reasonable price and a quick sale, especially if you have the support of an experienced local realtor. The most crucial factor will be when you need to move, especially if you have a new job waiting for you or you've already found your next home. Since properties generally sell quickly in Colorado, it will be a significant advantage if you already have your new home lined up. You'll be able to act quickly once you start receiving offers. 

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Get Advice On When to Move Home 

If you are still determining whether now is the right time to buy or sell property in Colorado, you can always talk to us. Kenna Real Estate has helped many people to find their new homes in the Denver region or to get the best price when selling their properties in Colorado. Our experienced realtors are familiar with the local real estate market, so we can advise you on the best times to buy or sell in each area. We will be here to help you through buying or selling homes in Colorado.

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