The Greenwood Village real estate market is an extremely strong sellers market as of April 2013. This article will help you learn about the current real estate market conditions for Greenwood Village Homes For Sale. Call Metro Denver Luxury Homes at 303.550.8563 to learn more about the Greenwood Village real estate market or for information on a specific home located in the Greenwood Village, Colorado.
The graph above with blue bars shows Months of Inventory or MOI for Greenwood Village Homes For Sale over $500,000 over the last two years. MOI peaked in October 2011 with an incredibly high 41 months of inventory. As of April 2013, there are currently only 2.3 months of inventory! This is an amazingly low number! This is the lowest MOI for Greenwood Village Homes For Sale for any month in many years. Months of Inventory is a calculation REALTORS® use to determine whether a real estate market is currently a sellers or a buyers market. A market that is balanced between buyers and sellers is a market with 6 Months of Inventory. More than 6 MOI is a buyers market and less than 6 MOI is a sellers market. The Greenwood Village Colorado luxury home market is a very strong sellers market as of April 2013.
What does this mean for Greenwood Village luxury home owners? Now is a great time to sell Greenwood Village luxury homes. In fact, now may be the best time in years to sell your Greenwood Village luxury home.
The graph above with red bars shows the total number of homes for sale in Greenwood Village over $500,000 over the past two years. The number of active Greenwood Village Homes For Sale peaked in June 2011 with 165 homes for sale. There were only 80 active Greenwood Village Homes For Sale at the end of March 2013. This is less than half of the luxury homes for sale at the the peak!
Learn how to Sell Your Metro Denver Luxury Home quickly and save thousands of dollars. If you are considering buying Greenwood Village Homes For Sale, you should begin your search today in case the inventory goes even lower this spring.