Littleton Homes along with all of the metro-Denver area homes has seen an increase in home prices along with a decrease in inventory. According to The Denver Post, we are in a record drought of inventory that we haven’t seen in the past 32 years. As you can see Littleton follows along with that pattern.
Based on information from Metrolist®, Inc. DBA RECOLORADO® for the period January 2012 through February 2017. Note: This representation is based in whole or in part on content supplied by Metrolist®, Inc. Metrolist®, Inc. does not guarantee nor is it in any way responsible for its accuracy. Content maintained by Metrolist®, Inc. may not reflect all real estate activity in the market.
As goes with supply and demand, the less supply available, the higher the demand and the more you can charge. The metro-Denver area is seeing significant growth and not sure if there are any signs of stopping. Which means home prices will continue to rise until we don’t have as much demand anymore. This also means, that if you’re looking to buy a home, the time is now. The interest rates are still fairly low and home prices are continuing to accelerate. Especially with spring and summer coming up which is typically the busiest time for home sales. As seen in the graph above, until things level out, the scarcity of homes will continue to drive the prices up. If you’re in the market to buy or sell your home, Just Call Julie! 720-260-1180. I’d love to help!