State of the Inventory

Well, here we are again, the beginning of a new year. Fresh start. So, let’s talk about the new inventory numbers! Yea! Boring, I know, but important.

Metrolist shows that 8,854 homes are still available in Metro Denver. Down 13%. That is substantial. A double digit drop is great news. Usually, during this time of the year decreases can be attributed to sellers wanting not to market their homes for sale during the holidays. However, 2011 was different. Read this for more explanation.

One more indication that this market is healing; home closings are up 3% last month. Prices have leveled off and are virtually unchanged from last year. But the big change is that there are 32% more homes currently under contract compared to this time last year! Buyers are out there. They are taking advantage of the low prices and the incredibly low interest rates. And, more importantly, they are putting homes under contract, not just sitting on the fence anymore. Looks to me that 2012 is off to a fine start.

A slow recovery, albeit, but a recovery nonetheless. Stay tuned.

About Jeff Hansen, Realtor in Colorado

Search for homes here; for FREE. Licensed Real Estate broker with RE/MAX Professionals at 10135 W. San Juan Way, Littleton, Colorado 80127. I have been a Realtor Since 1992 and provide Free Real Estate Advice Realtor in Littleton, Colorado and the Metro Denver Area, A Real Estate investment company focusing on the buyers and sellers of homes, also including fix and flips and rental properties, Listings and all sales of realty. (303)794-4530 Disclaimer I will not receive any compensation or take on any liability because of any conversation on this or any related web page w/o any written brokerage agreement. And there will be no relationship actual or implied because of any conversation on this or similar pages. No written agreement, therefore. AND Differ from state to state, so check your state's rules.
This entry was posted in Colorado, Financing, Foreclosure, Home Buying, Home selling, Housing, real estate, realtor, realty, refinancing, Short sale, Shortsale, Uncategorized and tagged , , . Bookmark the permalink.

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