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Denver Metro 6 County Inventory Count
Market Fun Facts (03/02/23): Welcome to the New Year. How will the market look as we enter into the 2023 selling season? To answer this question NeXstep continues to monitor inventory levels across the 6 County Denver Metro. For the fifth month in a row we see inventory levels decrease as we enter into the new year; active listings are down -558 listing this month, for a total of 4,318 active homes for sale. This is a substantial increase from March 2022 as we had only 1,426 home for sale to start off the new year. However, sales are also up +810 properties from last month for a total of 3,114 sold homes in the past 30 days. Consequently, our average absorption rate decreased by appx 1.0 month from 2.35 months to 1.34 months. All six counties experienced a decrease in active listings and an increase in total sales.
Read MoreSummit County Short Term Rental Guidelines
Summit County: Summit County regulates short-term vacation rentals (STRs) to address neighborhood…
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Love Your Business Event
Join me for this fun and creative event including Business “Speed Dating”…
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It’s Not Going to Get Worse
Rates hit their high and came down, inventory locked up, sales dropped, and demand is still pent up. There is a path from here. News cycles in quarter one will pick up year-over-year comparisons, which will look worse, but watch the trends, feel the boots on the ground, and pay attention to inflation, job loss, and rates.
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25 Best Neighborhoods In Denver
Recently 5280 Magazine came out with their top 25 neighborhoods in Denver. If your new to the Denver area or just interested in learning more about different Denver neighborhoods; we found this an excellent article filled with great information and detailed maps.
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