Colorado is growing but are there enough homes for these newbies?

Here’s something I haven’t worried about in awhile; too few homes to show buyers!

Colorado is seeing a net gain of 31,000 new residents last year, according to the Census Bureau. Lower inventories of homes for sale and the lack of building means that we are looking a shortage square in the face. Here’s the breakdown; 8,854 single family homes currently on the market, compared to 13,714 the same time last year. That is over 35% fewer homes for sale. With that, coupled with the inflow of new Coloradans, we have ourselves the ingredients for a steamy batch of Shortage! Shortages in supply create a fierce marketplace. This fierceness could turn into bidding wars and ultimately, price increases. So, is it a good time to sell? Could be the best time to sell since 2008!

 

About Jeff Hansen, Realtor in Colorado

Search for homes here; www.jeffhansen.remax.com 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.
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