Are you thinking of selling your home, but wondering when it’s the right time to list your property? Don’t wait until the spring to decide. Take advantage of the hot sellers’ market now. Supply is low, demand is high, and sales are happening quickly in Breckenridge and Summit County. The current market indicates buyers are out there, and they have been willing to pay close to asking price on average, according to recorded 2018 real estate transactions.
The local Breckenridge market has experienced a steady decline of available inventory since the middle of 2015 all the way through 2018*. In July of 2015 available inventory began to trend downward and is currently less than half of what it was in the earlier part of that year. Residential listings are also selling more than twice as quickly* as they were in 2016. In 2016, Breckenridge listings experienced an average of 196 continuous days on market before they sold compared to an average of less than 87 continuous days on the market in the past two years. This decline in available inventory coupled with an increase in demand as shown by how quickly property has sold in recent years makes now an ideal time to list your home.
Sellers are still achieving close to list price in the Breckenridge market for the sale of their homes. Buyers paid more than 97 percent* of listing prices on average in 2018, a statistic that has seen a steady upward trend since 2015.
Are you interested in learning more about market trends in and around Breckenridge? Let’s meet and discuss local real estate and future opportunities in Breckenridge and Summit County.
Breckenridge Associates Real Estate. Local Experts On Local Living.
*Based on year to date data through December 21, 2018. Data provided by Summit MLS, Inc. We'll have all the year's data on our market statistics page as soon as it is compiled. Updated monthly, this page includes dozens of views of the Summit County real estate market.
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