While most of the nation continues to recover slowly from the housing market collapse, Colorado seems to be surging ahead. Colorado is ranked the 5th best housing market in the nation according to 24/7 Wall Street. While home prices across the United States jumped 3.8 percent in the last year, Denver, Colorado almost doubled the nation’s average with a 7.3 percent increase.
Home sales are on the rise in Denver, which just showed a strong growth in August, a month that typically shows a decline. According to the Denver Post, “In the Denver residential market, 4,685 homes and condos were sold in August, a 1 percent increase from July,” up 18 percent from last August. Kirby Slunaker, president and chief executive of Metrolist said, “Everything we’re seeing points to a steady recovery in the Denver housing market.”
While Arizonia claimed the Number 1 spot, ranking above Colorado in the best housing market, Jeff Whiton, president and CEO of the Home Builders Association of Metro Denver isn’t buying it. “I would say that we are the best housing market on a qualitative basis,” says Whiton. “You can’t just look at markets on a quantitative basis. As far as quality of life, I think we are No. 1.”
Have you been holding off on selling your Denver home? Now might be the time. Give Ann Meadows a call at for advice on selling your home in the current Denver Housing Market.