Anderson Group: How to Use Absorption Rates to Sell for Top Dollar

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Today I'd like to explain a concept that can sometimes be confusing to people. I'm talking about absorption rates, and they are a very important metric in the real estate industry. 

In a buyer's market in real estate, there are a lot of homes for sale, so this means that the buyers can pick and choose what homes they would like to buy. In a seller's market, you have a low inventory of homes, so sellers can really get what they ask for because buyers don't have a lot to choose from. In a neutral market, there is an even amount of sellers and buyers, and nobody is in an advantageous position. 

So, the absorption rate is a measure of how quickly homes are getting bought up by buyers. This is the rate at which available homes are sold in a specific real estate market during a given time period. It is calculated by dividing the total number of available homes by the average number of sales per month. This helps us to gauge how quickly we can sell your home and it's also beneficial when we come to price your home attractively. 

If you ever need any help buying or selling real estate in Denver, please don't hesitate to contact me or my team. The market in Denver is absolutely on fire right now, so please contact us and we'd be glad to assist you!

Getting More for Your Denver Home

Buying a home? Click here to perform a full home search 
Selling a home? Click here for a FREE Home Price Evaluation

Hello, and welcome back! 

Today, I'm standing in one the premiere neighborhoods in Denver, in front of one of our newest listings. It's in Washington Park, which is known as one of the premier neighborhoods in all of Denver. The home is going on the market for only $350,000 and will probably have 10 offers by Monday. The average sales price in Denver is roughly $315,000, so this is just above it! 

The home is a 3-bedroom/1-bathroom home and is about 1,500 square feet! This gives you an idea of where the Denver market is trending. We're expecting a 12% to 15% appreciation year in most of the best neighborhoods in Denver. If you've got a desirable home like the one we're at, we recommend you vacate the property for the first week it's on the market because buyers will be flocking to it. 

If you want advice on how to get the most for your home in this great market, give us a call or shoot us a quick email. Keeping the home well-lit, decluttering it, having professional photos taken, and staging your home are all great ways to maximize the value of your home. We would love to help you take the steps necessary to get top dollar for your home, so reach out to us soon! 

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