Houses Flying Off the Market: Denver's Sizzling Sales

What up, Denver! If you've been mulling over the idea of slapping that 'For Sale' sign on your lawn, I've got some kick-ass news for you. The real estate scene isn't as bananas as it was during the wild unicorn years, but damn, houses are still getting snatched up like hotcakes.

Let's dive into this a bit, shall we? There's this nifty graph from Realtor.com that lays it all out. It tracks the median days on the market every January from 2017 up to the freshest stats we've got. For the uninitiated, 'days on the market' is realtor speak for how long a house hangs out on the listings before someone seals the deal or it gets yanked off the market. This number's a solid gold way to gauge how quickly homes are changing hands compared to the good old days:

Now, if you take a gander at the latest numbers (those are the ones in green), it's crystal clear that homes are flying off the shelves way faster than usual (the usual's in blue, by the way). The only time pads were selling like this was during those bonkers unicorn years (all pretty in pink). Realtor.com spells it out for us:

"Homes spent 69 days on the market, which is three days shorter than last year and more than two weeks shorter than before the COVID-19 pandemic."

So, What's the Deal for You? Here's the skinny: Homes are selling at warp speed, especially for this time of the year. And your digs? They could be the next hot ticket item. Why's that? Well, a bunch of folks have got that home-buying itch now that mortgage rates aren't through the roof. But here's the kicker: there just aren't enough homes on the market to keep up with the demand. Mike Simonsen, the big brain behind Altos Research, puts it like this:

". . . 2024 is starting stronger than last year. And demand is increasing each week."

Bottom Line Wondering if now's the time to bid adieu to your humble abode? The latest digits are shouting a resounding "fuck yes." The housing market's got more pep in its step than it usually does around this time of year. Want the inside scoop on what's cooking in your neck of the woods? Hit me up, Adam Gillespie, your go-to real estate maestro. Let's get those updates rolling and make your real estate dreams a reality. Copy that?