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Jefferson County, Colorado, Single Family Homes Market Report
A review of latest numbers released for the housing market encompassing Arvada, Littleton and Lakewood Cities for April 2020
Over the past decade generally, Colorado has been a strong seller’s market we know this because when a property is listed for sale it does not last long. A sub-market of the greater Denver Metro area is Jefferson County. Care of the Colorado Association of Realtors we can look at various statistics and numbers. For today we are focusing on single-family homes located in Jefferson County, For April 2020.
In today’s housing market report we must also keep the impact that the coronavirus is having.
Dont miss the comments by local real estate agents below. You might be suprized in what they are saying.
Here is a summary of what we found.
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As part of writing this article, I reached out to a number of Jefferson County real estate agents. Across the board, there was a general consensus on how COVID-19 was impacting today’s housing market. A most noticeable effect the coronaviruses is having on the market is a decrease in the number of listings. Industry experts, local to Jefferson County, feel people that want to sell are holding off. Jason, who works out of Littleton, commented “They a weary and uncertain because of the pandemic. Therefore they’re not listing their homes.” We see this reflected in today’s report with a significant reduction in the number of active listings.
Days on market, a low number being an indication of a seller’s market, has gone down a lot when compared to this time last year. “After taking a look at the days on market end the number of listings I’m advising people that now is a great time to sell” continued Jason. He went on to say “Not only that, but interest rates remain at historically low levels. This gives people more buying power.”
James, a coworker of Jason, agreed and added “Due to the coronavirus the are some added restrictions but we have a process in place that is helping us get houses sold really fast. We are super excited for the summer of 2020.”
My passion is helping people through Real Estate Investing
Hi, My name is Shaun.
I am passionate about learning, innovating and I love helping people. Real estate investing lets me do both.
There are so many adventurous avenues in Real Estate for me to explore. There are also many practical ways to help the community by providing houses for people to call home or by teaching people the many options and ways they can benefit in the world of real estate.
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