Westword: Why a Metro Denver Home’s List Price Is Only a Starting Point Now
CAR’s March Market Trends report was further evidence that Denver and the surrounding areas continue to be one of the hottest real estate markets in the U.S. Active listings are down 78 percent compared to the same period one year ago, resulting in a 15.6 percent price increase year over year.
The lack of homes on the market has caused buyers to pay over asking price in order to get the home they want. According to CAR’s data, more than 60 percent of the homes sold in Colorado in March went above the original asking price.