Denver Still A Very Hot Housing Market

Dated: 04/14/2017

Views: 56

From The Denver Business Journal 4/13/17

By: Ben Miller

Homes continue to sell faster in Denver than in anywhere else in the country, according to a new report.

Online real estate company Redfin said that Denver homes go under contract within just eight days, which is fastest in the country (tied with Seattle).

"In Denver homes went under contract 21 days faster this March than they did last year," Redfin said in its latest report, adding that nationally, "the typical home went under contract in 49 days."

In Denver, the median sale price (half sold for more, half sold for less) rose 4.7 percent last month to $370,000. Nationally, the median sale price is $273,000.

There were 6,183 new listings in Denver last month, up 13.1 percent from the previous year, which was the biggest annual jump in new listings in the country.

Other researchers have dittoed the fact that Denver homes sell fast: In March, real estate valuation company Clear Capital said they're "flying off the shelves," selling in less than two weeks.

And research conducted by Colorado-based Re/Max Holdings Inc. (NYSE:RMAX) indicated that nationally, the average days on market for homes sold in February 2017 was 68. In Denver, the number was 38,

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Ranae Urso

My name is RaNae Urso and I specialize in residential sales and buyer representation in the Denver Metro area. I have been in the real estate business over 14 years of my 30 years in Colorado. I enjo....

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