For at least the past couple of years, home buyers in the Denver area have often had to offer more than list price if they really wanted a property. And this scenario isn’t fading from the scene.
Denver is among the top fifteen cities with the most homes sold over list.
Over the past year, depending on the month, 20 percent to 47 percent of Denver houses that sold did sell for over the list price. The summer months are more competitive, so you see more bidding wars then.
Bidding wars have been driving prices up between 1.8 and 4.0 percent above asking price, depending on the month.
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