Last month in Denver, you had less time to buy an affordable single-family home than Katniss Everdeen had to kill a bunch of kids in the Hunger Games. Brutal.
Homes that cost $300,000 to $399,999 spent a median six days on the market during August, according to the Denver Metro Association of Realtors’ September report. The fictional 74th annual Hunger Games lasted 18 days.
Even if you manage to land one of those homes, on average, they sold for at least one percent above their listed price in the year-over-year period.
To be fair, if you’re not constraining yourself to a single-family home in that price range, the average days on market goes up to 29. Which is slightly longer than the fictional rage virus took to wipe out London in 28 Days Later.
Altogether, the average sold price has risen 10 percent year over year. Percentage-wise, that’s tied with the Rotten Tomatoes score for 9 Lives, a movie about a daredevil billionaire that gets trapped in a cat’s body.
At least there’s almost 0.6 percent more single family home listings than at this point last year to cool things down a bit. Whoo.
I’m not sure what October’s report will hold, but it’ll have to work hard to unseat the human-trapped-in-a-cat, virus-ridden battle to the death hellscape that is August single-family home sales.