Denver Metro Happenings
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Homes On Market Plummet 60% In April From Year Ago
Home buyers continue to lament the drop in the number of homes on the market, a fact that appears to be driving price increases and lightning-fast sales in the Denver metro area. This observation is underscored by the latest Metrolist statistics on area home sales.
According to Metrolist, there were 60% and 59% less homes and condos, respectively, on the market in April than there were the previous April. Furthermore, these properties sold for 8% (homes) and 17% (condos) more than the previous April.
Properties are selling in a little over a month. The average house took 37 days to sell; the average condo, 36 days. This marks a decrease in time of 27% (homes) and 29% (condos) over a year ago... Read more.
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(courtesy of RE/MAX of Cherry Creek)