Denver home prices fell less than 1 percent from January to February in the Denver Market, and showed an increase year over year of a half percent. 

Denver is seeing a high demand for homes below $250,000. Investors are snatching up homes right and left to feed the ever increasing rental market.  The Denver market is also filled with first time home buyers eager to get in on the ground floor and who are facing an especially tight vacancy market.

"Homes, especially lower-priced homes, are a hot commodity in the Denver area, which has forced their prices up." states Inman News.  Homes in this price range have seen an increase of 10 percent, year over year.

Low inventory of decent medium priced homes for sale in the Denver market is becoming a concern for local REALTORS®. With no homes to entice homeowners to "move up", the starter home market stays tight.

Inman News reports that in some cases buyers are making multiple offers and offering over the list price for a chance to buy the home. This is causing prices to rise by up to 10 percent year over year in this price range.

Read the full story at Inman News.

Posted in Headlines, Denver Colorado Real Estate, Real Estate Investing

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