Denver Homes Sell Fastest in the US

According to the Denver Business Journal, as of July 17th, Half of all Denver’s new homes for sale sell in six days or less, which is the fastest in the country, according to a new report Redfin Corp. reported Denver’s six-day sales topped all other surveyed markets, including Seattle (nine days or less), Portland (10 days or less) and Omaha (11 days or less).

And according to Redfin’s latest report, rising home prices in Denver also topped the country, as prices “continued to soar 14.8 percent year over year to $325,000. July was the eighth consecutive month of year-over-year price growth above 10 percent.”

Redfin reported that the median asking price for a single-family home in Denver is $419,000 and the median (half sell for more, half sell for less) sales price $325,000. And more than half of Denver homes sell for above the asking price, Redfin noted.

According to the latest Re/Max sales report released earlier this week, Denver led the nation in various residential real estate categories, including rising home prices, fewest days homes stay on the market, and lowest amount of inventory.

-Denver Business Journal

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