Denver In December Was Number One

Dated: 02/01/2017

Views: 12

Image result for images of denver

Denver buyers snapped up homes at a record pace in December, sharing the No. 1 spot in the country for quick home sales.

Across the nation a home that sold in December sat on the market for 62 days, according to a RE/MAX National Housing Report released Tuesday.

But homes in the Denver metro area averaged just 36 days on the market before they sold, a pace matched only by Omaha.

“Days on market” is the number of days between when a home is first listed in a multiple listing service and a sales contract is signed.

Last year was the best year for U.S. home sales since the recession, according to the ReMax report. Nine months of 2016 posted higher sales than 2015.

Denver was No. 3 in the country for the lowest supply of inventory, ranking behind San Francisco and Seattle.

Median sales prices increased in December over a year earlier in all but two markets included in the 53 metro areas surveyed by ReMax. Home sales prices dropped only in Des Moines, Iowa, and New Orleans. The largest price increases were seen in Birmingham, Ala. (17.1 percent); Tampa, Fla. (16.8 percent); Charlotte (13.2 percent), Seattle (12.9 percent) and Orlando, Fla. (12.3 percent).

“Much like 2015, we saw a mostly healthy housing market in 2016 that posted steady growth in sales and prices,” said Dave Liniger, RE/MAX CEO, board chair and co-founder. “We’re back to pre-recession levels in many markets, with 2017 forecast to be another solid year. We’ll have to wait and see what impact rising interest rates will have.”


Blog author image

Sheryll White

As a Full Time real estate agent for the past 23 years, Sheryll has helped hundreds of home owners in Colorado buy and sell their homes. Sheryll's easy going, no pressure style and her in depth knowl....

Want to Advertise on this Site?

Latest Blog Posts

Ultra Luxurious Soho Penthouse Is This Weeks Most Expensive New Listing

Highest Listing This Week for a Penthouse in SoHo! Can you quess how much ?!!?? .......$65 MILLION= 8000sqft + 4Beds + 6Baths  The kitchen reminds me of a

Read More

Gorgeous Condo 5 Minutes From The Lake Under 250k

Gorgeous well maintained condo off of C470 and Wads. Quick 5 minutes to the entrance of Chatfield Reservoir. Swim beaches, campground, recreational ponds for paddle boarding, canoeing, kayaking

Read More

Open House In Crystal Valley Ranch Castle Rock

You have to come see this model-like home in the new Crystal Valley Ranch community.  Only one year old, this home is great for those looking for a quiet and secluded neighborhood full of

Read More

New Friday Listings In Parker Colorado

Take a look at this great new listing in Parker, Colorado! This home offers 3 beds, 3 baths, and over 3000 total sq. ft. Call, text, or email me with any

Read More