Current Inventory and Days on Market for Homes for Sale in Evergreen Colorado
The real estate market in Evergreen, Colorado, is a dynamic landscape that sees fluctuating property inventories and varying days on the market. In this article, we delve into the current inventory of homes for sale and analyze the average time properties spend on the Multiple Listing Service (MLS) before being sold.
Monthly Trends in Active Listings
The number of active listings in Evergreen, Colorado, has experienced changes over the past few months. As of December 2022, there were 99 active listings. This number slightly decreased to 90 in January 2023 and further to 83 in February 2023. However, a surge was observed in March 2023, with the number of active listings jumping back to 99. The most significant increase was noted in April 2023, with 120 homes available for sale.
Average Days on Market
The average number of days a property spends on the MLS is an important indicator of market demand. In Evergreen, this number has shown variations. In December 2022, homes stayed an average of 38 days on the market. This duration increased to 50 days in January 2023 but slightly decreased to 49 days in February 2023. A notable reduction was observed in March 2023, with the average days on market dropping to 41. By April 2023, homes were selling more quickly, spending an average of only 26 days on the MLS.
Implications for Buyers and Sellers
These trends have significant implications for both buyers and sellers. The increase in active listings in April 2023 suggests that buyers have more options to choose from. On the other hand, the reduction in the average days on the market indicates that properties are being sold more quickly, signaling a potentially competitive environment.
Market Update Evergreen Colorado
Understanding the trends in active listings and days on market is crucial for making informed decisions in the Evergreen real estate market. The data suggests a vibrant and active market, with properties being listed and sold at a steady pace. Whether you are a buyer looking for options or a seller aiming for a quick sale, staying abreast of the current inventory and market dynamics is key to successful real estate transactions.
Orson Hill Realty
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