Denver nation’s fastest selling market
This may come as a shock to people struggling to sell their homes in the Denver area, as well as Realtors listing homes, but in May, homes on average sold faster in Denver than any place in the nation, according to an analysis of 146 metropolitan areas tracked by Realtor.com.
May marked the second consecutive month that Denver had the boasting rights as the No. 1 metropolitan area for home sales speed in the country, according to Realtor.com, which is owned by the National Association of Realtors.
The Realtor.com report shows that it took only an average of 39 days to sell a home in the Denver area in May. That is 11.4 percent faster than the 44 days it took in April.
The national average was 92 days on the market in May, 58 percent more days on the market than in Denver. Nationally, the time it took to sell a home rose by 4.5 percent from a year earlier. In Denver, however, the time to sell a home is down 2.5 percent from May 2010. Read more