Posts Tagged ‘For Sale’

Market Fun Facts (10/03/24): Fall is in the air and interest rates are falling !  What will affect will this have on our real estate market as we enter into quarter 4 and the presidential election?  To answer this question NeXstep continues to monitor inventory levels across the 6 County Denver Metro. For the the ninth month in a row we see another increase in inventory levels; active listings are up by +133 listing for a total of 10,454 active homes for sale.  This is the third time since we started recording in 2020 that we have broke the 10K inventory levels.  Sold homes had their fourth month of decreased sales; down slightly by 43 fewer sales for a total of 3,434 sold units.  The decrease in home sales and the increase in active homes for sale have increased our monthly absorption rate to 2.88 months.  Our highest level since we started recording in 2020.  Lower interest rates and increased inventory levels; Is this an indication that buyers are starting to have more choices and negotiating leverage?