DENVER – Denver’s fast-moving real estate market just keeps getting faster.
The typical Denver home sold in just six days last month, according to online real estate brokerage Redfin. That’s down from eight days in March, when Denver and Seattle tied for the fastest-selling homes in the country.
Seattle still follows close behind, with a median of 7 days on the market. Tacoma, Washington and Portland, Oregon followed at 10 days each.
The trend of faster-selling homes isn’t limited only to cities in the West. Nationwide, homes sold nine days faster in April than in March, according to Redfin.
The graph below shows how the median number of days on the market has changed over time, compared to Seattle, San Francisco and the United States as a whole.
Redfin’s data also show that Denver home prices rose $9,000 last month to a median of $379,000. That represents an increase of more than 10 percent compared to the same time last year.
For more information, log on to redfin.com/blog.