The average number of days homes in Denver spent on the market in June was the lowest it’s been in the last ten years — 14 days! Available home inventory also crept up ever so slightly to 1.2 months, from 1.1 months in May. It’s not much, but we’ll take what we can get these days. Buyers have been waiting a long time for more homes to hit the market, and finally, they have! The number of active listings increased by 22.7% since last month. On the flip side, over this same time period, buyer demand increased by 11%. If interest rates start creeping up, buyer demand will begin to wane and we’ll likely see a small surge in new listings from those who have been on the fence to sell. If you’ve been waiting to list your home, now is the time to take advantage of our hot market before it cools off.
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