We’ve been blogging about the rapidly decreasing inventory of Denver homes for sale for months now. Over the past few weeks, it looks like the media is starting to pay attention. Today, the Denver Post ran a front page article on the Denver home market boasting the second fastest days on market in the country.
From The Denver Post:
The entire article is worth a read. It notes that there are many Denver foreclosures that have not been released by the banks. It remains to be seen how this inventory will affect the market.
In addition, this article points out, as we continue to emphasize, certain neighborhoods are impacted more than others by this decreased inventory. We always recommend having your agent do a detailed analysis of the neighborhood market before making any offers. If you’d like to have our team prepare one for you, or if you just have questions about Denver homes for sale, give us a call at 303-726-1874.
As a reminder, we’re seeing most Denver foreclosures, especially Denver HUD homes, sell even quicker than the average. In addition, these homes typically receive multiple offers. If you are serious about buying a home, make sure you have our team set you up on our daily foreclosure email alerts.