Source: Ben Markus at Colorado Public Radio
With Denver’s hot seller’s market, everyone thinks sellers have it easy. But that couldn’t be farther from the truth (unless a seller is moving to the south or midwest. In that case: they’ve got it made!).
A seller can sell their place fairly easily. But if they want to stay in Denver, they’ll have to deal with the lack of housing inventory with the rest of us. This is causing sellers to stay put and opting to remodel (rather than replacing) their homes.