Denver Ranks 1 In Nation For How Quickly Homes Are Selling

Dated: 01/31/2017

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

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.

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

“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.”

Olga Telesin is a Colorado Realtor working with Exit Realty DTC. Whether you are buying or selling within the Denver Metro Area, please call me for expert advice and premier service in assisting you every step of the way! It is my priority to provide great customer service, consistent communication, strong attention to detail and ensure a positive experience for all parties in a transaction. I have nearly 7 years of experience in Real Estate Investing and can also assist buyers in looking for fix and flips and rental opportunities. To get an expert opinion and get a Free Home Valuation, call or text Olga today at 720-365-4651. Here's your FREE Access to Exit Realty DTC Search Engine!

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Olga Telesin

My name is Olga Telesin and I am a Colorado Realtor helping buyers and sellers around the Denver Metro areas of Colorado, including Denver, Aurora, Parker, Centennial, Highlands Ranch, Castle Rock and....

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