Aurora, CO housing market

More than a quarter of Aurora home listings have already cut their price, and that tells you where the power sits in this market right now. About 27 percent of active listings have taken a reduction, which usually means sellers started too high and buyers are holding firm. The typical Aurora home is now worth about four hundred forty thousand dollars, down roughly 3 percent from a year ago. That is a real decline, not a rounding error, and it lines up with what sellers are experiencing. There are around one thousand six hundred fifty homes for sale, with another 676 hitting the market this past month, so buyers have plenty to compare. Homes are taking about 53 days to sell, long enough that a stale listing stands out. The median asking price sits near four hundred forty-two thousand dollars, just above actual values, which shows sellers are still pricing a step ahead of reality. If you are selling, price it right from day one. Overprice it here and you will join the price cut crowd.