I guess November didn’t get the memo, because buyer demand is supposed to slow down! In Denver last month, there were 1,417 closed transactions recorded. To give a little context, the 10-year average for November is 914 closed transactions — buyer demand is up 55%! Couple that with active listings being down 19% from November 2019 and we have a whopping 1.1 months of inventory. Folks that are touring homes and getting their offers trumped know what we’re talking about. Being a buyer in Denver (with the exception of the downtown condo market) is tough, really tough. With low inventory, high buyer demand, and all-time low interest rates, buyers have to bring their A game!
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