Realtor® Insights: October Real Estate Trends
As we transition into fall, October brings new opportunities in the real estate market. Sellers are feeling more confident, and buyers are exploring second-home options. Whether you plan to sell, buy, or invest in a vacation home, here’s what’s happening in the market this month.
More Sellers Are Listing Homes
Homeowners who were previously hesitant are now deciding to list their properties. With increased inventory, many sellers are taking advantage of buyer demand. Now could be the perfect time to move if you’ve considered selling.
Plan for Future Sales
If you plan to sell in 2025, start preparing now. Consider taking exterior photos of your home before winter sets in while lawns and landscapes still look their best. These snow-free images will help showcase your property’s curb appeal when it’s time to list.
Second Homes Gaining Popularity in Colorado
There’s a rising trend of parents purchasing second homes in Colorado to be closer to their children and grandchildren. Buying a second home allows families to enjoy more frequent visits while avoiding the hassle of hotels and rigid schedules. It’s a convenient and flexible option for many.
Quick Stats Snapshot:
The numbers give us a clear view of how the market has evolved in September over the years:
- Average Listings: Over the past 36 years (1985–2021), the average number of active listings in September is 15,253.
- Record High: The highest number of listings recorded in September was in 2006, with 31,450 homes on the market.
- Record Low: In 2021, the lowest number of active listings was recorded at just 3,971 homes.
- Recent Growth: Historically, listings increase by 0.74% from August to September. This year, we’ve seen a more substantial increase of 3.65%, reflecting significant growth in available homes.
Key Takeaways:
- More Sellers Are Entering the Market: Many homeowners choose to list their homes, contributing to the rising inventory.
- Prepare for 2025 Sales: If you plan to sell in 2025, now is the time to capture exterior photos while your property looks its best.
- Second Homes in Demand: Families increasingly buy second homes in Colorado to be near loved ones, offering more flexibility for visits and vacations.
- Market Growth Continues: Active listings grew by 3.65% from September to October, much higher than the usual increase of 0.74%.
As the real estate market evolves, staying informed about these trends is essential. Whether you’re considering selling soon or planning for the future, understanding the market can help you make intelligent, strategic decisions.
