Rising Inventory

9.6% more homes for sale in Denver this September!

Fewer homes for sale and a decrease in buyer activity is what we normally see going into fall. This year, we only have one of the two. While buyer demand dropped 9.6% as expected from August to September, there was an 11.9% increase in inventory that has been long overdue. We haven’t seen this many homes for sale since January of this year! If inventory continues to trend upward, you can expect to see more homes making it through the first week before going under contract — a very welcome relief for buyers.

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Denver Real Estate News Recap: September 2021

Here’s a quick digest of what happened in Denver real estate last month:

+ Denver area home sales fell in September, while inventory rises at a record amount, and median single-family home prices remain steady from August at $575K. Some Denver realtors say there is no housing bubble on the horizon.

+ Own a rental property or currently rent? Colorado SB21-173 offers new protections to renters starting on October 1st.

+ A growing number of adults ages 65 and older can’t afford to live in Colorado, the No. 1 state for housing instability amongst seniors.

 


 

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Denver Real Estate News Recap: July 2021

Here’s a quick digest of what happened in Denver real estate last month:

+ Things may be looking better for home buyers as Metro Denver saw its second biggest jump in its supply of homes for sale — triple the 3.1% jump seen nationwide.

+ … but perhaps not when considering that Metro Denver home prices set multiple home price appreciation records (15.5% in April and 16.2% year-over-year in May) and July rents rose 11.6% statewide. At least we’re not seeing increases like in Phoenix (25.9%), San Diego (24.7%), and Seattle (23.4%).

+ The Biden administration is developing a new eviction moratorium after a previous ban expired last weekend. While 12% of Denver renters owe back rent, landlords do not believe an eviction crisis is looming.


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