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Denver Real Estate Tracked on a National Scale

It’s no secret that the real estate market in Denver has been growing and improving exponentially over the last few years, and it’s become such common knowledge that national real estate firms are tracking the metropolitan areas progress. Realtor.com compared Denver with other areas and said that it led the nation in August with a 26 percent month-over-month increase in terms of median age of inventory/days on the market—which might appear to be a bad thing, but in Denver, the average home was on the market for a few days in some areas. This increase places the average Denver home on the market for closer to 39 days—which is still a far cry from the national average of 92 days on the market.

The Denver local movers have found that the buyer should see relief from the change because that allows them to contemplate purchases for days rather than just a few hours. Homes were flying off the market at such a rapid rate that many prospective buyers were left stumped with what to do because the homes they viewed would be sold or entered into a high bidding war. Now that inventory is at a 2.3 month supply, rather than under 2 months supply, it will give buyers a little extra time to contemplate purchases and make a buying decision that is right for them.

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