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. 

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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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Thank You 2022 Soles4Souls Shoe Drive!

NeXstep Real Estate Group is Proud to Support Soles4Souls. Our annual shoe drive was a huge success in 2022.  Following a two year break after COVID-19 we are proud to have collected 680 pairs of shoes.  Thanks to all our great clients and wonderful neighbors who helped us collect shoes for Soles4Souls! Thank you so much for your support.  We will be back in 2023 and will once again look for your help to support this great cause!  Contact your favorite NeXstep Realtor if you have any questions.  Thanks again!!

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Yun: 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.

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NeXstep’s Carolyn Erickson Earns SMART Designation

Eighty-seven Realtor members of the South Metro Denver Realtor Association (SMDRA) have earned the highly regarded SMART designation recognizing the successful completion of stringent real estate courses or Continuing Education classes. The SMART designation sets real estate professionals apart from the mainstream and is regarded as a symbol of a designees’ dedication to the pursuit of higher standards, which is a key mission of SMDRA.

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