More supporting statistics out today confirming what we’ve been reporting since October – the inventory of Denver homes for sale has decreased drastically. The latest statistics show that the inventory available now, is down 33% from where it was this time last year.
This reduction is across the board in both single family homes as well as Denver condos. In addition, we’re seeing a steep drop off in the available number of Denver HUD Homes and Denver foreclosures.
This decreasing inventory is causing several of our current clients to be forced into bidding wars on newly listed homes that just a year ago may have sat on the market for 6+ months. If you are serious about buying a home, you need to get organized, get prequalified, and get set up on our daily email alerts for the newest Denver homes for sale so you can move quickly. Give our team a call at 303-726-1874 to get started.
From the Colorado Division of Housing:
The single-family and condo inventory in the Denver area declined 33.1 from early March 2011 to the same period this year. According to new data released Monday by Housingtracker.net, the total inventory declined from 21,909 to 13,965 year over year, but was up 1 percent, month over month, reflecting seasonal changes.
If you are thinking of putting your home on the market, this low inventory puts you at a huge advantage when listing your home. Give us a call today to learn more about your specific neighborhood: 303-726-1874. With the number of Denver foreclosures and Denver short sales decreasing at such a rapid pace, this could be the best time in years to sell your home!