Susie Pecze – News
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 More
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.Read More
And 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!Read More