Real Estate Development

Denver has one of America’s most competitive housing markets

Possible customers tour a new dwelling for sale in Denver, Colorado.

Matthew Staver | Bloomberg | Getty Illustrations or photos

It’s a place for tech staff fleeing the expensive Bay Location and for metropolitan East Coasters hunting for a lot more expansive out of doors house. The new perform-from-anywhere tradition of the coronavirus pandemic is a person of the best reasons Denver is suffering from its most competitive housing sector in history.

In September, Denver experienced a report-lower quantity of households for sale, not by a minor, but by nearly 50 %. There had been three,041 one-relatives households shown for sale, down from the previous lower of 5,693 in September 2017, in accordance to the Denver Metro Affiliation of Realtors.

Households are obtaining snapped up quickly, with the median days on the sector falling to a report six from the previous report lower of nine in September  2015 and 2016.

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