Even in non-pandemic times, Denver has consistently ranked one of the most desirable places to live in the U.S. If COVID-19 has shown us anything, it’s that a large part of our workforce can work from home – or anywhere. So, whether people are escaping higher prices in their current market or looking for more space to spread out, it’s easy to see the draw of Denver.

According to the Denver Metro Association of Realtors (DMAR) in September, Denver had a record-low number of homes for sale, not by a little, but by almost half. There were 3,041 single-family homes listed for sale, down from the previous low of 5,693 in September 2017.

To say homes are getting snapped up quickly is an understatement. Median days on the market fell to a record six from the previous record low of nine in September 2015 and 2016. Single-family and condominium homes combined, there were more closed and pending sales than ever before.

According Andrew Abrams, chair of the DMAR market trends committee, there’s an intense push and pull between buyers and sellers in the Mile High City. “Home sellers are hesitant to sell as the thought of moving and logistics of that process may feel daunting during a pandemic,” he said, “Homebuyers, on the other hand, may be spending a great deal more time at home and realizing they want more space, while also looking to take advantage of the low interest rates.”

Right now it may seem impossible to buy a home in the Denver-metro area, but there are several resources available to help buyers turn that dream into a reality. Contact Metrowest today – let’s start the process!