Denver market housing update

By September 22, 2016Uncategorized

Yesterday and today, three national online real estate companies released profiles on what’s going on locally.

Denver homes appreciated in value more than 10 percent in the past year, they agree, and there are slightly more homes for sale than a year earlier.

First, Zillow reported that Denver’s year-over-year home value appreciation of 10.7 percent was the fourth-highest in the country, trailing only Portland, Dallas and Seattle. The median value of a Denver home (half are priced higher, half lower) is now $341,400, according to Zillow.

Redfin reported that Denver homes were the second-fastest selling homes in the country, staying on the market only 11 days, behind only Seattle’s 10 days on the market. The median value of a Denver home, according to Redfin, is $346,000, up 11.1 percent from a year earlier.

And over at Trulia, which is owned by Zillow, it was reported that there were 2.8 percent more homes available for sale in the latest quarter, compared with a year earlier. Denver’s home inventory had decreased in the previous 10 consecutive quarters, according to Trulia.

Original article here.

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