According to a new report from Zillow, Denver is the fifth best market for sellers of homes in the nation.
Within metro Denver, Evergreen is the top buyers’ market.
Top sellers’ markets are not necessarily those where home values are rising, but instead are those in which homes are on the market for a shorter time, price cuts occur less frequently, and homes are sold at prices very close to or greater than their listing price.
Good buyers’ markets are those where home stay on the market longer, price cuts occur more frequently, and homes are sold for less than their listing price.
Denver home prices rose 9.1 percent in August from a year earlier, while home prices increased 6.6 percent nationally.
According to the Zillow Home Value Forecast, Denver home values are expected to rise 1.1 percent over the next 12 months.
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