The real estate market in Cherry Hills Village is picking up speed. Below are two graphs that show what is happening with Cherry Hills Village Homes For Sale. Please call 303.550.8563 if you have any questions about the Cherry Hills Village real estate market or would like information regarding a specific home.
The graph above shows the total number of active homes for sale by month over the past two years in Cherry Hills Village. The number of active homes for sale peaked at July 2011. At the end of February 2013, there were only 90 active homes for sale. The supply of homes for sale is down 43.7% from the peak. What does this mean for you? If you have a home in Cherry Hills Village that you’ve been considering listing for sale, now is a great time to list. The number of homes for sale is down dramatically from the peak and buyers are looking now that we are in the spring selling season. Please see how Metro Denver Luxury Homes will get your home sold quickly on the Sell Your Metro Denver Luxury Home page.
The graph above shows Months of Inventory or MOI for each month over the last two years. As you can see, the months of inventory of Cherry Hills Village Homes For Sale peaked in July 2011 at 21.6 months. It is currently 7.3 months. This is down an astounding 58.8% from the peak. Months of Inventory is a figure used to determine the health of a market and whether it is a buyers market or a sellers market. A balanced market is a market with 6 Months of Inventory. Anything more than 6 MOI is a buyers market and less than 6 MOI is a sellers market. The Cherry Hills Village real estate market is fairly balanced as of March 2013 leaning slightly towards a buyers market.