Friday, June 10, 2016

Denver Among Hottest Real Estate Markets, Thanks To Tech Growth

Denver is one of the hottest real estate markets so far this year--driven by growth in jobs and the technology industry--according to real estate site Redfin. Redfin identified Denver, along with Portland and Seattle, as the market with the most activity and listings; the company said it's not unusual for sellers in Denver to have a pick of up to 30 offers. The median time on market for a property in Denver is April was 10 days, which is significantly less than the 36 days in April of 2012. Redfin identified strong job growth and relatively affordable home prices for driving the activity in Denver, along with its growing tech industry. Photo of downtown Denver skyline courtesy Al Case @ Flickr.