Homes in the Denver housing market are still selling fast, according to a new residential real estate report.
In a new Re/Max report, Denver homes for sale stayed on the market for only 27 days, less than half the national average of 56 days. Only in Omaha, with 25 days on the market, topped Denver.
In Denver, there's only a 1.7 month supply of inventory of homes for sale, which is less than half the national average of 3.9 months. Only San Francisco, with a 1.6 month supply of inventory, topped Denver, according to the Re/Max monthly national housing report.
And the median sale prices of homes sold in Denver rose 13.1 percent in September from a year earlier, well above the national average of a 5.1 percent increase. Birmingham, Alabama led the nation with a 17 percent increase, followed by, Miami (up 15.2 percent), Tampa, (up 14.6 pecent), and Portland, (up 14.5 percent).
Read more at the Denver Business Journal: http://bit.ly/2epBsfx
(© 2016 American City Business Journals. All rights reserved.)