If you’re looking for further evidence of the competition in Denver’s housing market, according to Zillow, a year ago in September, it took 15 days on average for a home to go under contract in the metro area. Last month, homes took only six days to find a buyer.

As one might assume, entry-level homes were snapped up the fastest - in just four days on average - and even the most expensive homes, which can linger, took only 10 days to find a buyer. This kind of activity is expected in Denver’s market, but usually in the spring and summer, not at the start of fall when kids are already back in school.

Fall is when we typically see a seasonal slowdown in terms of home buying and selling, but like many other things in 2020, the real estate market is defying expectations.

But if you’re thinking this phenomenon is only occurring in the Mile High City, think again. The Mid-west region of the US is also seeing an incredible uptick in activity as we roll toward the colder months. Homes in Kansas City, Mo.; Columbus, Ohio, and Cincinnati all took only four days on average to go under contract. Entry-level listings in Cincinnati were claimed within two days. Renters can scrape up the down payment more easily in more affordable markets. After sitting atop what seemed like a bottomless supply of unwanted homes for sale, the housing inventory in Midwestern cities is tightening up in a big way.

If you feel you’re the only one struggling to find the right property right now, you’re certainly not alone. During times of uncertainty, 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!