Hello there! Andrew here with a little market update for the Denver Metro Market. We continue to have a very interesting, and sometimes challenging market. Inventory has increased for the last 5 months to a total 9400 homes in the 8 county Metro area. This is a 19% increase month over month, and a 68% increase year over year. Meanwhile buyer activity is down 7% from June of last year and 5% from May. All of this means that buyers in today’s market have more options and will expect to negotiate for terms and potentially price. Sellers with great equity positions will be patient while they find the right buyer. That all said, the Denver 100 is helping both buyers and sellers maximize the market.
