DENVER – February 4, 2016 –Following a record year for the Denver area housing market, 2016 started strong according to REcolorado, Colorado’s largest MLS and the provider of REcolorado.com.
Released today, REcolorado’s January 2016 report includes data from REcolorado’s 18,000 members who operate throughout the greater Denver Metro and surrounding area.
January’s indicators showed sizable increases in the number of new listings that came on the market, an indication that sellers are looking to get a jump on the selling season and take advantage of what continues to be a prime seller’s market. January saw 4,148 new listings of homes for sale, a 63 percent increase over last month and three percent more than last year.
Indicative of the competitive housing market, sellers continued to see extremely quick sales cycles. The average days on market was just 38 days, one day less than January 2015. Buyers began ... Read More