Aaron Brewster – News
Denver Metro 6 County Inventory Count
Market Fun Facts (04/04/23): Spring has sprung! 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 first time in six months we see an increase in inventory levels; active listings are up +74 listing this month, for a total of 4,392 active homes for sale. This is an increase from April 2022 as we had 3,098 home for sale. Sales are also up +509 properties from last month for a total of 3,704 sold homes in the past 30 days. Consequently, our average absorption rate decreased by appx 1.0 week from 1.34 months to 1.16 months. Just two of the six counties experienced a decrease in active listings; Adams and Broomfield counties.
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 MoreGreater Metro Denver Market Review
Special Thanks To DMAR Market Trends Committee For The Following Report…Happy New Year! It’s time to look back and ponder what happened over the past year and look ahead to set goals and make predictions for the new year. Let’s start by looking at the top three things we know about the Denver metro real estate market in 2019:
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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