Once again, the Denver real estate market led the nation in median age of housing inventory. The median age of unsold homes was 32 days for July 2011, only two days longer than the same figure for June.
Denver’s median age of housing inventory has been the nation’s lowest since April, according to data collected by Realtor.com, an extension of the National Association of Realtors. The national median age of inventory was again more than three times that of Denver’s for July – 97 days. Although the data only tracks the median age of listings on the Realtor.com website, this is still a good indication of the fastest selling markets across the nation.
As Denver remains at the top of Realtor.com’s list, the proof is there that Denver is seen as more and more desirable by potential home buyers. This is actually creating an inventory shortage in many cities and towns across the state of Colorado.
If you are considering buying a home in Denver, now is the time to make your move. Prices remain competitive as the local markets are more and more desirable everyday. Call me at 888-860-1931 to learn more about moving to and living in Denver, as well as to get more information about current real estate listings.
Photo courtesy of Colorado Homes