Sound Economic Support
Denver has a diverse economy that tends to weather national downturns well. The region's most important sectors include healthcare, energy services, pharmaceuticals, high-tech manufacturing, financial services and education. Denver also has a robust tourist economy that draws a consistent supply of newcomers to the region. Outlying areas of the region have long appealed to retirees and owners of vacation homes, but recent years have seen increasing interest from these groups in Denver's central neighborhoods as well. This has knock-on benefits throughout the region's urban core. From the well-preserved Victorian homes near downtown to the sharp townhouses and condos in the Tech Center district, Denver's varied housing types appeal to buyers from all demographic groups and support a strong local construction industry.
Opportunities for Buyers of Denver Homes for Sale
These secular factors underpin a perennially strong housing market. Although all markets experience fluctuations in demand, supply and pricing, Denver's real estate climate looks poised to enjoy continued momentum for the foreseeable future. With more than 60 percent of listed homes selling within a two-month period, the brisk pace of the city's home sales consistently places the region among the top 10 U.S. metro areas for this metric.
While the variety of available housing types and the rate at which they come onto the market both ensure that buyers can find appealing properties, fast sales do result in healthy year-over-year price increases. After closing on a home, then, the typical Denver-area buyer sees an impressive return on his or her investment. When it comes time to sell, this can be a boon. Going forward, Denver homes for sale look likely to command strong interest from prospective buyers - and provide years of enjoyment for their eventual owners.