Posts Tagged ‘Market Stats’

Market Fun Facts (01/03/24): Happy New Year!  As we kick-off 2024 what will the real estate market look like?  To answer this question NeXstep continues to monitor inventory levels across the 6 County Denver Metro. For the third month in a row we see a decrease in inventory levels; active listings are fell by 1,351 listing to a total of 5,241 active homes for sale.  A similar trend is found in sold homes as we dropped 242 sold homes this past month to a total of 2,656 sold units.  However, absorption rates dropped slightly to 2.09 months.  Interestingly, we are starting off the year with very similar number to 2023 when we had 5,210 Active Homes, 2,725 Sold Homes, & and absorption rate just under 2 months.