Home prices in Denver continue to soar, houses selling fast, says Redfin

By December 17, 2015Uncategorized

Home prices in Denver continue to soar, up 12.1 percent in the past year to a median price of $310,000, according to Seattle online real estate companyRedfin.

Nationally, home prices increased 6.8 percent from November 2014 to November 2015, according to a Redfin report.

According to Redfin, Denver remained the fastest-selling market in the country with half of all new listings selling in two weeks or less.

Denver also led the nation with the largest increase in total homes for sale compared with last year, with inventory up 38.8 percent.

Last week, the metro area’s multiple-listing service, REcolorado, issued a similar report, saying the average price of a home in metro Denver increased by 12 percent to $367,992 in November, compared with $327,961 a year earlier.



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