Record Low Inventory in the Denver Market! or Where Is That “Shadow Inventory” When You Need It?

Low Inventory Creates Multiple Offers

Low Inventory Creates Multiple Offers

Critical to any real estate organization is inventory.  As you can see from the attached image (click to expand), is the realization that Denver’s inventory is as low as it gets.  Follow along as our CEO describes the inventory conundrum.

We need your listing!

Good Morning Everyone,

Please look at this chart (attached), the active listing inventory for attached and detached properties dropped -1.53% (-104) on a month over month basis and dropped -35.28% (-3,643) on a year over year basis. In August 2007, there were 30,827 active properties, which is down -78.32% (-24,145) compared to March 2013 (“Peak to Trough”).

At the same time, sales increased for attached and detached properties up +46.04% (1,366) on a month over month basis and up +24.69% (858) on a year over year basis.

I hope you will find this information helpful…enjoy your day.

Peter Niederman | CEO

Kentwood Real Estate

Advertisements

About Tom & Dee Cryer

Your Friends in the Homeownership Business!
This entry was posted in Buying or Selling Real Estate, Centennial, Cherry Hills Village, Denver, Denver Housing, Denver Residential Real Estate, Greenwood Village and tagged , , , , , , , . Bookmark the permalink.

One Response to Record Low Inventory in the Denver Market! or Where Is That “Shadow Inventory” When You Need It?

  1. Lynda says:

    For latest news you have to visit internet and on
    world-wide-web I found this site as a most excellent web site
    for most recent updates.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s