DENVER - Denver's hot housing market often attracts bidding wars on properties, with multiple prospective buyers putting in competing and steadily rising offers and January was no different.
Part of the problem is low inventory - there just aren't very many homes for sale, especially in the lower price ranges, so buyers end up fighting over available properties.
RELATED: Denver-area home prices inch upward in January; housing stock hits new low.
According to real estate website Estately, 399 homes sold in Denver in January, with more than 30 percent of them selling for more than the original asking price.
Here are the seven Denver homes that sold for the biggest percentages over their asking prices last month, according to Estately:
Listed for $350,000, sold for $377,000 - 7.7 percent over asking price
Photo: REcolorado via Estately
Listed for 380,000, sold for $410,000 - 7.9 percent over asking price
Originally listed for $400,000, dropped to $379,900 and sold for $410,000 - 7.9 percent over asking price
Listed for $324,000, sold for $350,000 - 8 percent over asking price
Listed for $429,500, sold for $466,000 - 8.5 percent over asking price
Listed for $367,000, sold for $400,000 - 9 percent over asking price
Listed for $250,000, sold for $272,500 - 9 percent over asking price