The size of the iBuying market in Denver will depend on the desire for that convenience, industry leaders say. Matthew Leprino, with the Colorado Association of REALTORS®, says he’s heard chatter that iBuying could reach as high as 25% of the market in the coming years. “But there are also people who think this is just a flash in the pan...
Scant inventory is keeping the Denver residential real estate market red hot. Denver homes continue to sell extremely quickly and there are a lot fewer homes for sale now compared with a year ago. That low supply means higher prices. According to the Colorado REALTORS® Association, the median home price in the Denver metro area is $440,000, significantly more than the nationwide metro median...
By Kelcey McClung – Reporter, Denver Business Journal May saw both a slight bump in inventory and a minute decline in median price of homes for sale in Denver, according to the Colorado Association of REALTORS®. Both the median and average price of a single-family residence in the seven-county metro area dipped less than one percent from April to May – $435,000 and $515,204,...
A recent article by the Denver Business Journal found that Denver ranks second of the highest paying cities for real estate sales agents. At an average pay (2014 data) of $80,910 per year, Denver came in second only to Indianapolis, with an average pay (2014 data) of $99.540. The data comes from an analysis by The Business Journals of the latest...