Denver's housing recovery is outpacing most U.S. cities, reports the
Home Buying Institute.
Excerpt:
According to the RE/MAX report, Denver’s real estate market had one of the lowest levels of supply at the end of 2012. Denver’s "Months Supply" level sank to 3 months in December, almost twice as low as the national average (5.7 months).
What’s good for sellers is tough for buyers. A few years ago, the market was cooler and buyers had more negotiating power. But growing demand and limited supply have tilted the market toward sellers. It’s a situation where homes are selling quickly, often for the full asking price. In 2013, Denver home buyers will have less negotiating power than in years past.
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