Denvers Housing Inventory Is Lowest In 32 Years

Dated: 03/15/2017

Views: 178

Denver Metro housing had a record low number of homes for sale at the end of February, but an increase in sales can’t be blamed for low inventory.

There were 3,878 residential properties available for sale at the end of February, the lowest monthly total in records going back to 1985. The inventory was 2.14 percent below the previous bottom reached in February 2016, according to a report Friday from the Denver Metro Association of Realtors.

“It is incredibly low,” said Steve Danyliw, a Denver real estate agent and chairman of DMAR’s Market Trends Committee, which compiles the monthly housing market update.

The new low came despite a 19.25 percent year-over-year surge in the condo inventory last month. That wasn’t enough to overcome a 7.6 percent drop in the inventory of single-family homes available for sale. 

Bottom line...if you find that dream house FOR SALE still and you're ready to BUY, don't wait!! Make a Strong offer Today knowing contingencies weaken it!!!

Denver CO Real EstateAleta Coleman Full Time Realtor specializing in Denver Metro area real estate and surrounding. I have over 12 years of experience as a Real Estate Investor and Property Manager. I will deliver superior service as YOUR agent and Expert Consultant in the real estate buying, selling and investing process. Contact me directly via phone or text at: Aleta Coleman 303.564.5557


 

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Sheryll White

As a Full Time real estate agent for the past 23 years, Sheryll has helped hundreds of home owners in Colorado buy and sell their homes. Sheryll's easy going, no pressure style and her in depth knowl....

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