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