You Know when the Listing Inventory is Low when....

By
Real Estate Broker/Owner with House to Home, Inc. - Denver Real Estate - 720-231-6373 DRE# ER40011786

We have not had enough listings for quite some time.   I looked in MLS this morning and we only have 2,433 active listings for just under 3 million people in the Denver metro area.   To give you perspective - in 2008 we had over 25,000 listings for sale!     We are still seeing lots of bidding wars.   It IS wise to write a back-up offer, just in case.

 

In the last couple of weeks, I have gotten at least three separate calls from assistants making cold calls to see if I wanted to sell my property.   I always chuckle and say I would sell my own if I was!

 

I have been sending direct mail to snag some listings, as I have always hated cold calls.   Hope those assistants are making good money!   That is an awful job!

 

 

Comments (18)

Greg Brown, Sales Rep Toronto, Durham region
Sutton Group Heritage Reallty Inc., Brokerage - Whitby, ON
www.GregBrown.Realtor

We have 64% less listings this month verses last year, listings are receiving $50,000 - $250,000 more from list price receiving 12-61 offers at a time. The demand has gone crazy, if we re-open our borders to 400,000 new imagrants it will get even crazier... Builders have not been allowed to work, so new construction is on hold... 

Feb 03, 2021 06:17 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Greg Brown, Sales Rep Toronto, Durham region OH MY, I thought our market was crazy, yours is worse!  

Feb 03, 2021 06:18 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is good information to share.

Take care, be safe and have a great day.

Feb 03, 2021 06:31 AM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Joan - I hope your marketing efforts pay off with some salable listings.   

Feb 03, 2021 06:36 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Thanks Roy.

Feb 03, 2021 06:44 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Michael Jacobs have contacted many homeowners, and hopefully will turn the corner soon.

Feb 03, 2021 06:44 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Joan... we, too, are suffering from the lowest level of inventory in our history. People keep asking me if I've ever seen a market like this and I keep telling them no. 

Feb 03, 2021 07:28 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina Hollander we have always said our markets are so similar, including the razor-thin inventory.

Feb 03, 2021 07:46 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I always check my mailing list and my call list to make sure I am not preaching to the choir. I learned a long time ago not to bother other real estate professionals if not just a wish them a good day Joan Cox 😀

Feb 03, 2021 09:29 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Paul S. Henderson, REALTOR®, CRS ME TOO!    I almost laugh when they call.  With being around so long, kind of expect them to know me or know my name, but guess not the assistants....

Feb 03, 2021 10:20 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Joan Cox -  I keep getting a letter from the same party asking if I want to see my Florida house.

Feb 03, 2021 11:35 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I hear their inventory is very low too, Grant.

Feb 03, 2021 12:10 PM
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

wow Joan- those numbers say it all. And to Greg Brown, Sales Rep Toronto, Durham region that is amazing. What are builders doing???

Feb 03, 2021 06:19 PM
Greg Brown, Sales Rep Toronto, Durham region

Staying home, we are in lock down, stay at home order and builders are not essential workers anymore.


 

Feb 04, 2021 07:45 AM
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I would think this has to be an all-time low for inventory, but have there been times in the past when it was lower?

Feb 04, 2021 04:57 AM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

I have started telling people that their calls are prohibited since I am on the do not call list - and the people texting me --- UGH!  I would never turn someone in but I do want to get off their call lists - I even get calls from a KW agent I know

Feb 06, 2021 07:37 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Kathy Streib at least our builders are still going to town quickly.   We need the inventory.

Feb 09, 2021 07:27 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Brian England I think this is as low as I have ever seen.

Feb 09, 2021 07:28 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Lise, it is amazing all the calls I am getting.

Feb 09, 2021 07:28 AM

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?