This week in the Denver Metro Area, we are seeing more of the same. Virtually no inventory growth and buyers voraciously chasing what’s still available. Follow my comments below.
|New Listing (1141) This is a very low number. This is 10-20% recent weeks.|
|Coming Soon (149) This number is lower too!|
|Back On Market (287)|
|Price Increase (159)|
|Price Decrease (836)|
|Pending (1981) This is a big number. Where are this coming from?|
|Closed (2031) Another BIG number! Buyers and Sellers are getting to the closing table!!!|
What about a more broad look at this market? As you can see, when more listings close than become active, the supply declines.
With incredibly low interest rates, limited supply and continued buyer interest, there is no discernable “Bubble” from my view.
Dee & Tom Cryer, SCRP
THE CRYER TEAM
Kentwood Real Estate
4949 S. Niagara St. #400
Denver, CO 80237