Denver the fastest selling Real Estate market in the country.

Posted by Mic Ortega on Saturday, June 25th, 2011 at 11:02am.

Want another sign of how strong the Denver Real Estate market is?  According to research by Realtor Magazine, Denver is the fastest selling Real Estate Market in the country.  In Denver, homes are selling on average in 39 days with a median list price of $253,700.  The rest of the country?  How about 92 days! 

This is great news for the Denver market for buyers and sellers.  When we see homes moving quickly it means that more sellers are pricing their homes correctly and buyers are recognizing good values when they see them.  We have been seeing homes in our office sell much quicker than the 39 days and it should continue all summer.   I know I sound like a broken record, but if you are thinking of buying or selling, now is the time. Here is a list of the 11 fastest selling markets in the country with Denver proudly sitting at number one.

Denver
Median age of inventory: 39

Median list price: $253,700

Oakland, Calif.
Median age of inventory: 46
Median list price: $320,000

Tampa-St. Petersburg-Clearwater, Fla.
Median age of inventory: 51
Median list price: $134,900

San Francisco
Median age of inventory: 57
Median list price: $628,000

Washington, D.C.-Md.-Va.-W.Va.
Median age of inventory: 60
Median list price: $369,999

Bakersfield, Calif.
Median age of inventory: 60
Median list price: $134,900

Rochester, N.Y.
Median age of inventory: 61
Median list price: $139,900

Omaha, Neb.
Median age of inventory: 61
Median list price: $150,000

Anchorage, Alaska
Median age of inventory: 61
Median list price: $289,000

Fresno, Calif.
Median age of inventory: 61
Median list price: $151,900

San Jose, Calif.
Median age of inventory: 61
Median list price: $479,000

1 Response to "Denver the fastest selling Real Estate market in the country."

Denver is Nation’s Fastest Selling Market | fullersothebysrealty wrote: [...]According to Realtor.com, Denver has the lowest home inventory in the nation. Denver homes are on the market for an average of 39 days, 53 days less than the national average of 96. Denver has seen a 32.6% inventory age drop since 2010, the 3rd largest percentage drop nationwide behind Philadelphia, PA and Savannah, GA.
Read more at Insiderealestatenews.com and here.[...]

Posted on Wednesday, August 24th, 2011 at 11:58am.

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