Dennis Huspeni of the Denver Business Journal recently wrote an excellent article about the brisk start to 2013 experienced by the local Denver real estate market. Many key metrics are hitting levels not seen in years, indicating that 2013 could be a great year for real estate in Denver.
Currently, the number of homes available for sale in Denver stands at its lowest level in 23 years, and the number of homes sold in January is up 20% from the same month in 2012. The average days on the market for listings declined 25%, while average sales price increased by 11% over the same month last year. Said Gary Bauer, a Littleton Realtor – “The Denver area has not seen a January like the one that we just finished for years and years and years.”
Click here to read Huspeni’s full article.