And the answer is….. Homes are selling faster in the Denver Metro Area than anywhere else in the country! According to a recent article in the National Association of Realtors magazine, the median days on the market in Denver is just 25 days. They don’t say how they calculate that figure. Most likely it’s the number of days till a home goes under contract. Our Multiple Listing Service Data shows that it takes about 55 Days from the time a home is listed to the time it sells in the Denver area.
Regardless, that shows you just how hot a market we are in. And, unlike other areas of the country, where the home inventory levels are increasing, inventory levels are still dropping around here. In Boulder County, the number of homes for sale is about 20% less than last year at this time. As long as inventory remains so low, this trend of increasing prices and quick sales will continue.
Here’s the article if you’d like to read more:
Fastest Selling Housing Markets