How Low is Denver Housing Market Inventory?
It’s “Cruiseship Limbo Contest” winning low. It’s Barry White “Can’t Get Enough of Your Love” low. It’s “Bring out the charts and graphs!” kinda low. When you look at the housing market, it’s all relative. “Fewer people buying houses with a lot more people having to sell them”, that’s the kind of market we got used to after the shock of the bubble burst wore off. Then there was a stasis where the flood of foreclosures had receded and there was a nice level of inventory, but buyers wary of further market drop stayed on the fence: 2011 in a nutshell. Last January the shift began and like a flash flood, buyers filled the streets. Now we have lots of buyers and where are the sellers? Denver housing market inventory is at a 23 year low. What does that mean for you? Buyers should buy now, sellers should list while they have no competition, and you should call me with any questions you have about either.