This week, data research on realtor.com indicated some encouraging statistics for Denver. Among the highlights included the fact that Denver is the 24th most searched region, with many other major Colorado cities in the top 146 that the data appears for.
This, among other statistics, indicates a high demand in the Colorado housing market, which should come as no surprise to the millions who already call it home. The majestic Rocky Mountains and famous sunshine saturated weather make it some of the most desirable living available in the country. It is no secret, Colorado living yields high quality results. A hub for outdoor-enthusiasts and artists alike, the culture is unique and sought after. The overwhelming list of reasons why it's a wonderful place to call home have played a part in the positive Denver real estate trends in the city.
In addition to being one of the most searched cities, Denver can also boast a median price of approximately $76,000 more as compared to the national market. And while living here may cost you more, the fact remains that consumers observe the higher price a fair trade for the exceptional lifestyle, as indicated by the fact that homes sell at a faster rate, and there are less of them. On average, a home will remain on the market for 40 days in Colorado, as compared to the national trend of 97 days. Active for-sale homes have seen a significant decrease over the past year across the country, and to a high degree in Colorado.
Chicago topped the list, followed by Philadelphia and Los Angeles. Some regions of the country are not experiencing such success, as median list prices have dropped in some areas. Luckily, Colorado's market is displaying more reassuring data.
To learn more about the Colorado housing market, living in some of the most quality homes, and Denver lofts and condos available, contact anyone at New Era Realty today.