Last week Redfin and Lombardo Homes released a report that had Denver ranking fourth in the nation when it comes to competitive housing markets.

According to the data, 65% of homes in Denver are selling in under two weeks. Denver homes are on the market for an average of 12 days.

More than half of homebuyers in Denver say the COVID-19 pandemic accelerated their home buying process. The majority of buyers, 65%, found their home online, compared to 38% in May of 2020. In Denver, 73% of homebuyers said they had to compete against other offers.

Across the country, Seattle has the most competitive market, with nearly three-quarters of homes selling in under two weeks. Omaha and Lexington round out the top three, with 67% of homes selling in both cities within two weeks. Indianapolis came in at number five, with 65% or more of homes selling in the same time frame.

The uptick in demand isn’t relegated just to Denver.  When Lombardo Homes surveyed buyers across the country, a majority (77%) said they believe competition has increased since Covid-19 – and three in four have even had a home go off-market before they even got to look at it.

If you’re looking to become a homeowner in Denver, it’s crucial to have the right team on your side. Contact Metrowest today – we have the resources and expertise to help you succeed!