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Sellers’ Market Remains Steadfast In Denver Area
The most recent housing market statistics from Denver’s Metrolist show a continuation of the months-long trend of low inventory and high prices, making for an exciting opportunity for sellers.
According to Metrolist, the number of homes and condos on the Denver market dropped significantly from July to August: 10% for houses; 19% for condos, creating a less competitive market on the sales side.
No doubt as a result of high demand, homes are selling at a fast clip, generally in less than a month: 28 days for houses; 24 days for condos. This represents a 4% increase in selling time for houses over July and a 4% decrease in selling time for condos from July.
While prices eased just slightly over that time period, by 1% for both, the average cost of a house is still well above the national average: $375,600 for houses and $222,000 for condos...Read More.
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(courtesy of RE/MAX of Cherry Creek)