Is Denver inventory rising or falling?

Active listings in Denver have decreased over the last year. There are 11,465 active listings, which is 7.2% fewer than last year. This drop in active listings means there are fewer homes on the market right now compared to a year ago. It suggests that it might be a bit harder for buyers to find many choices. Even with fewer active listings, the number of new homes coming on the market has also gone down. There were 5,876 new listings, a 2.6% decrease from last year. This means sellers aren't adding as many new homes for sale as they were previously. Homes are also taking longer to sell. The median time a home stays on the market is now 43 days, which is 13.2% longer than last year. This extra time might be good for buyers who need more time to decide. If you're a buyer in Denver, you'll find fewer homes available and they are taking longer to sell. This means you might need to be patient, but you could have a bit more time to make your decision. If you're a seller, while there are fewer homes for sale, your home might also take a little longer to find a buyer in this market.

The number of homes for sale in the Denver area is going down. There are fewer active listings than there were last year. Right now, there are 11,465 active listings. This is 7.2% fewer homes than there were at the same time last year. This means there's less choice for people looking to buy. Not only are there fewer homes on the market, but fewer new homes are being listed. New listings are down by 2.6% compared to last year, with 5,876 new homes hitting the market. Fewer homes for sale generally means there's more competition among buyers. It might feel like you need to act faster when you find a home you like. If you're looking to buy in Denver, be prepared that there aren't as many options as there used to be. You might need to be quick to make an offer on homes you like.