Just like everywhere else in the country, Denver is a place where sales this year are well off the mark from a few years ago…but Denver is a very different market in terms of how the immediate future looks. The most obvious indicator of that is the surprising lack of supply of homes and condos in lower price ranges, available for sale this spring.
Jack O’Connor, principal in the new RE/MAX Professionals, shows a listing at 1298 Bellaire in Denver. The home has 3,400 square feet including a finished basement, at $585,000. Home inventories are at the lowest level in the 7-county area in six years.
“Denver is a declining inventory market, especially in the starter home ranges,” broker Jack O’Connor told me, as the new month’s Metrolist data came out this week. more »