This is the question we’re being asked more and more often, lately. So, IS the market shifting…? Check out the info and link below to decide for yourself. Better yet, give us a call so we can meet up for a beer (or coffee) to discuss what’s really going on right now in Denver’s Real Estate market.
Did you know…..
• The Greater Metro Denver market started Feb with an increase of 8.7% month-over-month and 5.1% year-over-year in under contracts.
• Active listings increased month-over-month by 3.2% and year-over-yearby 29.5%. This increase in active listings has given the buyers more bargaining power. However, the month supply of inventory (MSI) was 1.79 months,indicating this is still a seller’s market.
• Average Days on Market (DOM) increased to 40 days,up 29.0% year-over-year with homes on the market 9 days longer in Feb 2019than Feb2018.
There is quite a bit of additional information in the attached report. Take some time to review and then contact us to discuss opportunities that may exist for you in our current market.
**Thanks to our partners at Land Title for the fantastic market report and data!