How is the Denver Real Estate market doing? Around springtime of this year, I did a number of blog posts about how the Denver Real Estate market is on verge of the a seller’s market. With the latest data that is out, it looks like Denver has turned that corner and continues to get stronger.The entire metro area isn’t in a seller’s market yet, but there are pockets that are and we continue to see homes fly off the shelves.
In a report out today by the Wall Street Journal, click here, Denver is the second fastest selling Real Estate Market in the country based on average days on market. The average time on market in Denver is coming in at 33 days, almost a third of the national average. I remember just year or so ago when 100 days was the norm so 33 seems like nothing.
What this means is that if you are buying and find the right place, you better move quickly before it is gone. And if you have been on the fence about selling, what are you waiting for? Getting moving while the getting is good.