Is Denver inventory rising or falling?

Inventory in Denver is falling compared to last year. There are fewer homes for sale right now than there were at this time last year. The number of active listings in Denver is 12,572. This is a drop of 4.9% compared to the same time last year. This means there are fewer available homes for people to choose from. Fewer new homes are also coming onto the market. There were 5,392 new listings in the most recent month, which is a decrease of 1.4% from a year ago. This adds to the overall lower inventory. With fewer homes available, homes are spending more time on the market. The median days on market is 48, which is up 6.7% over the past year. Even with less inventory, homes are taking a bit longer to sell. If you're looking to buy a home in Denver, it might feel like there are fewer options out there. This could mean you need to move quickly when you find a home you like, even if homes are taking a little longer to sell overall.

In the Denver-Aurora-Centennial area, the available homes for sale have fallen compared to last year. There are fewer choices for buyers looking right now. Looking at the numbers, active listings are down by 4.9% compared to the same time last year. This means there are fewer total homes on the market. Also, fewer new homes are being put up for sale. New listings have dropped by 1.4% over the past year. This contributes to the overall lower number of available homes. Even with fewer homes, properties are taking a bit longer to sell. The median days on market increased by 6.7% compared to last year, with homes now typically spending 48 days on the market. For buyers, this means you might encounter fewer options. Be prepared to act when you find a home that fits your needs.