The metro Denver real estate market is in a frenzy with the strongest sellers’ market in more than a decade. As our inventory of homes for sale has plummeted and the economy plods along towards recovery we find ourselves with a huge imbalance in supply and demand: too many buyers and not enough sellers. The numbers speak for themselves:

 

— The inventory of houses for sale is down 40% over this time last year 

— Inventory dropped another .7% from last month’s already super low level

— The inventory of condos for sale is down 52% over this time last year 

— The price of the average home is up a whopping 11% over this time last year

— Prices leapt 5.2% in just the past month

— The number of properties under contract is up 19% over this time last year

— 55% of homes on the market are currently under contract – a level not seen since the 1990s