Is Denver inventory rising or falling?

Really good question! Right now, the number of homes for sale in Denver is slightly rising. Active listings have gone up a bit over the past year. This means there are a few more options for people looking to buy a home. Overall, inventory is up 2.1% compared to last year, with 12,998 active listings on the market. For buyers, this might mean a little more to choose from. Sellers might find they have a bit more competition when listing their homes. On the other hand, the number of new homes coming on the market has also increased. There were 4,444 new listings in the most recent month, which is 6.4% higher than last year. This further contributes to the slightly expanding pool of available homes. Despite more homes being available, homes are still selling at a similar pace. The typical home spends 57 days on the market, which is about the same as last year. This suggests that while there are more choices, demand is still present. For you, whether buying or selling, it

{ "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." }