Susie Pecze – News
Denver Metro 6 County Inventory Count
Market Fun Facts (01/03/24): Happy New Year! As we kick-off 2024 what will the real estate market look like? To answer this question NeXstep continues to monitor inventory levels across the 6 County Denver Metro. For the third month in a row we see a decrease in inventory levels; active listings are fell by 1,351 listing to a total of 5,241 active homes for sale. A similar trend is found in sold homes as we dropped 242 sold homes this past month to a total of 2,656 sold units. However, absorption rates dropped slightly to 2.09 months. Interestingly, we are starting off the year with very similar number to 2023 when we had 5,210 Active Homes, 2,725 Sold Homes, & and absorption rate just under 2 months.
Read MoreYun: Expect an Unseasonably Hot Winter for Home Sales
This winter is expected to be unseasonably hot for the housing market. “Compared to other past winter seasons, this winter season’s sales activity will be stronger,” says Lawrence Yun, chief economist of the National Association of REALTORS®. “This winter, there will be more sales compared to pre-pandemic winters going back all the way to 2006. The momentum from the last few months is expected to continue. From March through October, homes have been selling faster than they traditionally do.
Read MoreAnd The Winner Is….
Thank you to everyone who participated in NeXstep 3.0 Webiste Feedback Challenge. We had so many great comments and ideas as we developed the latest version of our website. Designed with you in mind; NeXstep 3.0 is more than just a search site. Congrats to Adina and Tommy; Dinner is on NeXstep!
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