DENVER – Home buyers snatched up properties in Denver faster than anywhere else in the country in January. That’s according to a new report from real estate brokerage Redfin. Half of all homes listed in the Denver metro area were pending sale in 23 days last month, according to Redfin. That’s a shorter period of time than other highly competitive markets like Seattle and San Francisco and a big change from January 2016, when the median number of days on the market in Denver was 43. A big reason homes are selling so quickly here is the low inventory. Redfin’s report shows the total number of homes for sale in Denver was down 28.1 percent year-over-year. Combine that with Denver’s highly desirable market and you end up with buyers fighting to place a winning bid as quickly as possible.
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