Denver area inventory – Part 2
Some more food for thought, if you're thinking of waiting until spring to list your home…
— Inventory is at its lowest point in 11 years. Average months of inventory under $460,000 is 3.1. A balanced market is 6 months, so this is a strong buyers market, especially under $350,000.
— Interest rates are still very low. Buyers are taking advantage of the low rates by buying up any inventory there is.
— The # of homes sold was up 20% in the 3rd Quarter and up 8% in the 4th Quarter.
— The # of showings per active listing was 7.6 in the 4th Quarter, well ahead of the previous year.
What does all this mean?
It means that there is almost no competition right now, so why wait to list your home until spring when everyone else is going to?
Call me today to list your home! 720-289-0260