Posts Tagged ‘For Sale’

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.