by Calculated Risk on 5/04/2022 12:04:00 PM
Today, in the Calculated Risk Real Estate Newsletter: Denver Real Estate in April: Active Inventory up Sharply
A brief excerpt:
The Denver market is still hot, with historically low inventory, prices increasing, and homes selling above list price, but we are seeing a sharp increase in active inventory. We are still a long way from the “only looky-loos and crickets” phase of the housing cycle, but there is a clear sea change in active inventory.
The Denver Metro Association of Realtors(R) (DMAR) has released their data for April this morning. From the DMAR: DMAR Real Estate Market Trends Report
DMAR reports total residential active inventory (detached and attached) was 3,204 at the end of April, up 44.3% from 2,221 at the end of March, and up 23.5% year-over-year from 2,594 in March 2021. Inventory is up 171% from the all-time low set in January of this year.
There is more in the article. You can subscribe at https://calculatedrisk.substack.com/