Updated: February 20, 2019.
When selling a home, timing isn’t everything, but it can have a significant impact on how long it takes you to sell, as well as the price you’re ultimately able to get.
Your best bet for getting an optimal outcome is partnering with an experienced, local real estate agent.
Top-performing Colorado agents sell hundreds of homes each year, meaning they have their fingers on the pulse not only in terms of knowing when the best time to sell is, but also how to price and market a home to attract more offers, more quickly.
If you’re interested in working with a top-rated, local agent, Clever can help.
Clever partners with full-service agents from major brands and regional brokerages (Century 21, RE/MAX, Keller Williams, etc.) who have agreed to list and sell your home for a significant discount — a flat fee of $3,000, or just 1% if the home sells for more than $350,000.
Get help with pricing, listing and marketing your home, showings and open houses, negotiating, paperwork, closing, and more — you don’t pay a dime until your home actually sells.
Fill out our online form and a Clever representative will reach out to answer your questions and connect you with a top-rated, Colorado agent for a no-obligation consultation.
Of course, if you’re looking to sell a home quickly and for top dollar in Colorado, there are a number of factors you need to be paying close attention to.
While major trends, events, and legislation — e.g., interest rates, financial and job market performance, elections, etc. — can impact real estate markets on a national level, most tend to fluctuate on a relatively localized scale.
Here are a few key considerations to keep in mind when trying to determine the best time to sell.
Best Time to Sell a House in Colorado
The Colorado market is finicky. Inventory is down and demand is high which continues to raise prices significantly. No one can clearly predict the market evening out anytime soon — which is good news for you sellers!
Colorado homes continue to be in the running for the lead position of selling prices in the nation. Let’s take a look at when the best time to sell fast and for a profit is.
How to Sell for the Maximum Amount of Profit
The old adage of listing in the spring seems to ring true for Colorado. Listing your home in April or the beginning of May for a June sale shows an average of 4.87% increase in sale price over the annual average.
With house inventory down, that profit is on the rise. While it’s not a good idea to predict the market, you can bet that even listing your single family home in October will net you a pretty handsome profit.
In fact, according to the data, homes listed in October and sold in December netted an average of 3.31% more than the state annual average. That might not be the 4.87% that June will get you, but it’s definitely an acceptable second.
The market has some pretty tight boundaries though. Closing on your house in January will net you an average of 5.77% less than the yearly average. Those numbers are followed closely by September closings and February closings.
Best Time to Sell Fast
Want to sell your Colorado home fast?
If so, aim to close in June. Homes sold in June sold an average of nine days faster than the yearly average. If you’re looking for a range, aim to sell anywhere between May and September for the quickest close time.
Remember, you should plan on listing your house about two months before the day you want to close on. Give your house plenty of time to be viewed and snatched up by that perfect buyer.
Avoid the closing months of December, January, and February if you can. January boasts an extra 17 days longer sell time than the yearly average. February’s not close behind at 15 days, trailed by December at 10 days longer than the yearly average.
Best Time to Sell Fast for a Profit
It’s pretty clear that the month to list is April and sell in June. June saw the highest profits and has the fastest sale time out of the entire year.
The two months to avoid are definitely January and February. No one really wants to look for a house throughout the holidays, and the market reflects it in a bad way.
If you must sell your home around that time, try to close in December. At least you’ll make up for your 10 extra days of wait time by making an average of 3.31% more than the yearly average.
Tips for Selling Your Home in Colorado
1. Consider the Area
Many parts of Colorado are knee-deep in a seller’s market, while other spots are struggling to sell. Evaluate the area before listing your house to make sure your house can compete with the other houses within your sale price range.
2. Repair and Renovate
If your house is unable to compete with the local market, you may want to consider making some repairs. Try to stick to renovations that will add value– such as a kitchen or bathroom update– rather than focusing on things homebuyers aren’t really in the market for.
You may consider walking through neighboring open houses to see what shape their home is in compared to yours. Keep features such as paint colors, flooring types, and the state of the kitchen in mind when setting a sale price.
When in doubt, talk to your real estate agent about your listing price.
3. Find the Right Real Estate Agent
Selling your home in Colorado is about more than timing the market. In this fluctuating market, you’ll need an expert on hand to advise on setting a price and the best time to list.
Finding a real estate agent who knows the area well, has a good amount of experience, and an impressive track record can help you beat the market averages any day of the year.
The opposite is true as well. Make sure your real estate agent is willing to go to bat for you and do the work required by interviewing them.
If saving money is important to you, consider letting Clever find an agent for you.
Clever Partner Agents are all full-service, local agents from major real estate brands, only they’ve agreed to significantly discount their typical rate for our clients.
Here’s how it works:
1. You enter your zip code in the form below.
2. We’ll reach out to answer any questions you might have about our services and what your agent will be able to do for you
3. We’ll connect you with a top-rated, full-service Colorado agent who will help you list and sell your home for thousands less than the standard rate
4. You don’t pay a dime until your home actually sells!
Sell or Buy a Home with Clever and Save Thousands!
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