In Denver, it is no secret that the market is hot, hot, hot. But while the time is right to buy in Denver, is the time also right to sell? Let’s take a look.
Recently, the lack of homes for sale in the Denver area has pushed up prices and made the market a difficult one to navigate, particularly for those interested in buying. The average single-family home sold for $310,992, according to Metrolist, which was up five percent when compared both to February 2014 and March 2013. The number of active listings in March was up 21 percent when compared to the previous year.
But there is a chance that by flooding the market with more available properties, the exclusivity of the real estate in the area will be diluted. For now, there are certainly tight inventories for those interested in buying a home in Denver.