Denver Inventory Way Down for December

By
Real Estate Broker/Owner with KTHOMES, LLC 100002367

Active listings in the Denver Metro area were down by over 40% in December 2011, from the previous December.  See the report below from the Denver Metrolist.  That to me would indicate that the sellers may have more leverage than they did previously.  Could it be that it was just the time of year with the holidays and all?  Probably not, since December in the previous year was also "that time of year" right?; obviously :), so that really shouldn't matter.  What would make more sense is that perhaps many homeowners have decided to hold onto their homes, if at all possible, since the majority of them are probably overencumbered and owe quite a bit more than what they could get from a new buyer.  If you are a seller that has built up plenty of equity over the years, this may be as good of time to sell as any time approaching in the coming year.  If you would like to check out your options, please contact me for a professional opinion, with no obligation.

Denver Metro Listings

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Comments (3)

Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Keep the faith! I can feel a chage a comin' ;)

 

Love and light,

Laura

Feb 29, 2012 11:36 AM
Gene Mock
Associate Broker ~ Premier Team, KW Realty - Leesburg, VA
GRI, CRB, CRS, ABR, CIPS, TRC, SFR, SRES

Inventory is short in the Northern Virgina, DC and Metro Maryland market as well. 

Gene

Feb 29, 2012 11:48 AM
Nathan Rufty - 623-850-1210
Canopy Mortgage, LLC - Surprise, AZ
Mortgage Loan Originator at 623-850-1210

I think the inventory is down all over the country, which I hope this brings back standard sales and push prices back up 

Feb 29, 2012 11:52 AM