Denver home inventory down to 60 days

• VERY interesting real estate trend here:
  Residential listings 100k-250k in metro Denver Colorado
  AREA active/under contract
  
• South Suburban Central (Centennial Englewood Littleton) 197/91
  South Suburban East (Centennial Englewood Greenwood Village) 48/21
  Douglas Highlands Ranch (includes Lone Tree) 86/48
  Douglas Elbert Parker (Parker Elizabeth Kiowa) 160/89
  Douglas County West (Castle Rock Larkspur) 198/59
  Denver South East (City Limits SE) 173/64
  Denver South West (City Limits SW) 322/152
  Jefferson County South (Un-incorporated Jefferson County 132/87
  


• FROM MY PERSPECTIVE, this appears to be a 60 day inventory pretty much across the board in south Denver, if you assume an average of 30 days per closing for each property under contract. I know each area has their own characteristics and I only did this search quite by accident when counseling some first time buyers. Today, I went a little deeper and found that what I am seeing while showing homes is in fact true! So this report comes from 2 levels...gut as in I am seeing this and raw stats from the local MLS feed.

MY CONCLUSION: If you want to make a "deal" do it fast! The inventory of homes available is shrinking. This price point will facilitate buyers moving into higher price points and will be a trickle UP effect! More price point reports later!

Put 23 years of experience to work for you or your friends, learning about Denver! Whether it is Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado, we offer real estate advice, properties for sale, multiple listing service, property listings, mls, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com