Denver

Decline in inventory: 42%

This mountain-high city never experienced the highs and lows in home values that its coastal counterparts did. And now, with rents rising and vacancy of just 2%, more apartment-dwellers are taking the plunge into homeownership, local broker Gary Bauer says.

This city's inventory in February was down 42% from the same period a year earlier, at just 10,086 units. The number of homes going under contract spiked 19% between January and February of this year as buyers raced to take advantage of low interest rates and relatively low prices.

"I'm not sure what magic thing happened in January, but buyers really came out," Bauer says.

Prices aren't falling as they are in many other markets, according to Metrolist. The average home price of $270,821 was up 2% from February 2011. Bauer says March looks to be another record month.

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6 Comments on Act now! 10 major housing markets with the shortest supply of homes

APR
10
2012
563,394 Points 17 Featured Posts Called Shot Master

Dan - great to read other communities are experiencing what we are right now!
2:49am • #1
315,482 Points Outside Blog

Dan; Good news for all,maybe its finally go time,so lets make some money,good luck with your business in 2012.  E
2:59am • #2
498,020 Points 13 Featured Posts Outside Blog Called Shot Master

Hi Dan, great news.  I am hearing it from all over the Country which is even better news.
3:19am • #3
1,453,154 Points 46 Featured Posts Outside Blog Called Shot Master

Thanks for sharing the good news.
4:02am • #4
433,024 Points 10 Featured Posts Outside Blog

Dan, thanks for sharing this positive news. We are experiencing much of the same. 
4:22am • #5
177,110 Points Outside Blog

Lack of inventory is a major problem. 

What are the absolute numbers and how do they compare to five years ago, etc etc. 
5:03am • #6


What does the graphic say?
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Daniel Polimino

Greenwood Village, CO

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Keller Williams Realty DTC

Address: 8400 E Crescent Pkwy #300, Greenwood Village, CO, 80111

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