Is Denver inventory rising or falling?

In the Denver area, the number of homes for sale has risen over the past year. There are more active listings right now compared to last year at this time. However, fewer brand-new homes are coming onto the market. Right now, there are 13,365 active listings. This number is 6.7% higher than what we saw at this point last year, meaning more choices are available for buyers. Even with more homes on the market overall, fewer homeowners are deciding to list their properties. The number of new listings is down by 5.9% compared to last year. The median listing price in Denver is $569,900, which is nearly 1% lower than the prior month and 4.9% less than last year. Homes are also staying on the market for an average of 58 days. If you are looking to buy, more homes available could mean more options for you to consider.

{ "answer": "Yes, the number of homes for sale in Denver is rising. The latest data shows more active listings compared to this time last year. There are currently 12,998 homes listed for sale. This is a 2.1% increase from the same time a year ago, meaning buyers have more options now. New listings also saw a jump, with 4,444 new homes added to the market. This represents a 6.4% increase over the past year, contributing to the overall rise in available properties. Despite more homes being available, the median listing price is lower than last year, at $574,900. This is a 4.2% decrease over the past year, which could be an interesting point for potential buyers. If you are looking to buy, the rising inventory means there might be more choices for you right now." }