The Denver Business Journal released:
Denver is nation's 3rd-best city for home sellers: Report
Feb 14, 2017, 8:05am MST Updated Feb 14, 2017, 10:38am MST
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Ben MillerContributing WriterHOME OF THE DAYSPONSOR LISTINGGorgeous renovated home in Sloans Lake/Highlands area
See All Homes of the DayIt's no secret that Denver is a hot residential market.
Last month, the DBJ reported that Denver area had seven of the nation's most 30 competitive neighborhoods for home sales, according to Redfin. And in December, it was reported that Denver homes were flying off the market.
EnlargeA real estate agent shows a home for sale in Denver.
MATTHEW STAVER | BLOOMBERG
Today, Zillow reported that only two hot California Bay Area markets — San Francisco and San Jose — are better home sellers' markets in the country than Denver.
Zillow said it ranked its sellers' markets by the length of time a home stays on the market and the percentage of listings with a price cut.
In Denver, only 6.5 percent of home listings saw a price cut, and homes stayed on the market for an average of only 57 days.
"West Coast powerhouse markets like Seattle, Denver and Portland have been driving the housing market over the past year. Strong job growth is attracting newcomers, causing demand for homes to skyrocket," Zillow said in a statement.
Ben Miller contributes to the Denver Business Journal and compiles the Morning Edition email newsletter. Contact him at firstname.lastname@example.org.
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