Positive news for buyers! Inventory is up in Metro Denver which means more selection and (a little) less competition.
Here are the numbers…
The number of new properties that hit the market in the last 30 days is up 8% compared to last year.
This new inventory was evenly spread between single family properties and condominiums.
Today, compared to last year there are 27% more single family properties to choose from and 62% more condominiums.
It seems like buyers are (finally) getting some relief from the low inventory that has impacted buyers for several years in Denver.