Expert: It's a 'seller's market' in Denver

11:43 AM, Feb 22, 2013   |    comments
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DENVER - The housing market is sustaining its recovery, and helping bolster the economy.

Sales of previously occupied homes went up in January across the nation, to the second-highest level in three years the National Association of Realtors is reporting this week.

Colorado's market also continues to recover with home prices going up according to MetroList.com.

"Predictions have been consistently right, we predicted a sellers market last summer and so far in 2013 it's held true," Melissa Olson of Metrolist.com said.

"We've seen a recovery here in Denver a little sooner than some other metropolitan areas because of a quality of life, the outdoor lifestyle we have, and new corporate growth."

Numbers are just in for average days on the market in January. Olson said homes were listed on average 78 days in January, compared to 104 days just one year ago.

"That's a 25-percent decrease," Olson said.

(KUSA-TV © 2013 Multimedia Holdings Corporation)