Denvers Housing Inventory Is Lowest In 32 Years

Dated: 03/15/2017

Views: 203

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


 

Blog author image

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....

Latest Blog Posts

Your First Step in Buying a Home

Pre-ApprovaL:YOUR 1st Step In Buying A HomeIn many markets across the country, the number of buyers searching for their dream homes outnumbers the number of homes for sale. This has led to

Read More

Your First Step in Buying a Home!

In many markets across the country, the number of buyers searching for their dream homes outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often

Read More

New Listing - Denver - Under $175,000

You will fall in love with this 2 bedroom condo located at5995 W Hampden Avenue, H14 in Denver.   Centrally locatedoff of Hampden between Sheridan and Wadsworth. This home has been

Read More

7 Signals The Home You Are Looking At Will Have a Solid Resale Value

While it might seem premature to think about selling a home before you even buy it, it's important to remember that a house is an investment. And in an ideal world, investments make&

Read More