Earlier this year I predicted that the average Days on Market (DOM) would hit the 30 day mark if the Denver real estate market continued its record-setting pace. In July we nearly hit that number. The average home or condo is taking only 37 days to sell in our current market which is outstanding considering a year ago properties were on the market nearly 2 months. Compare this to 2011 when the average DOM was running over 100 days. Denver is experiencing nearly 2 years of robust sales activity. Consider in 2011 there were over 17,000 active listings in the Metro area! For now it appears Denver’s real estate market is still blistering hot…. (Read whole post here).
