Denvers Housing Inventory Is Lowest In 32 Years

Dated: 03/15/2017

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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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Aleta Coleman

Aleta is a native of Colorado and has briefly lived in a couple different states throughout her life, including Oklahoma and Illinois. Her love of Colorado and the Rocky Mountains eventually brought ....

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