Average Days on Market (DOM)
Whether in a buyers’ market or a sellers’ market, it is sometimes challenging to not feel like your property is languishing on the market. But the reality is, markets move at differing rates of Days on Market (DOM) depending upon neighborhood, style of home, size of home, and price range, to name just a few variables.
Let’s take a look at the upper Roaring Fork Valley, from one end to the other:
Aspen house: 309 Condo: 222
Snowmass Village house: 349 Condo: 279
Woody Creek house: 571
Basalt house: 319 Condo: 301
Home prices increasing or decreasing?
It is easy to feel like you’ve lost momentum when you don’t seem to have buyers beating down your door, but don’t lose hope! There has been very little movement lately exclusively attributed to price decreases. In some markets, there have been the same percentage of price increases as there have been decreases.
Aspen house increase/decrease: 3%/14% Condo increase/decrease: 4%/8%
Snowmass Vlg house increase/decrease: 2%/11% Condo increase/decrease: 1%/ 7%
Woody Creek house increase/decrease: 10%/10%
Basalt house increase/decrease: 0%/26% Condo increase/decrease: 0%/6%
If you would like to discuss the Aspen area real estate market, or even to discuss selling your home specifically, please contact us directly. We’d be happy to talk about it.