Inventory Of For Sale Homes In Denver Down 18 Percent In Denver Metro

Dated: June 3 2014

Views: 572

The inventory of homes for sale dropped in metro Denver for the fifth consecutive month in April, falling 17.5 percent from April 2013, one of 21 metro markets where inventories dropped.

Home values rose 7.4 percent over the same period, compared with a national increase of 5.3 percent.

Forecast shows prices rising another 1 percent in the next 12 months.

The midpoint of estimated home values for an area — for metro Denver was $248,000 in April, compared with $170,200 nationally.

Home values were $257,900 in Denver; $175,000 in Aurora; $249,600 in Lakewood; $213,000 in Thornton; and $220,000 in Westminster.

First-time homebuyers are ready to buy, but they can't because of the lack of homes for sale in their price range.
This shortage of inventory is driven by a couple of factors, most notably by stubbornly high negative equity, particularly at the lower end of the market.

Rents skyrocketed in the Denver area during the year, posting a 6.8 percent increase to $1,673 while national rents increased 2.3 percent in the 12-month period to $1,311.

Denver Colorado Realtor -Michael Steffen Michael is a motivated realtor specializing with investors and new home buyers located in the following areas; DenverArvada Aurora Bennett Byers Castle Pines Castle Rock Centennial Cherry Hills Village Columbine Valley Deer Trail Denver Elbert Englewood Franktown Greenwood Village Highlands Ranch Larkspur Littleton Lone Tree Parker Sedalia Sheridan Strasburg WatkinsWheat Ridge, Lakewood, Castle Rock, Thornton, Westminster, Evergreen, Golden. Michael Steffen 
Blog author image

Generation Property Group

My name is Michael Ross Steffen. I’m an Exit Realty Cherry Creek Agent in the Denver metro area and Team Leader For Generation Property Group! We specialize in advanced Internet marketing, buying, s....

Latest Blog Posts

Should I Sell My Home in the Winter???

Is selling your home in the Winter a good idea? With interest rates keeping consitently low, buyers are more inclinded to buy reguardless of the season. Most people think the best time to sell is

Read More

Get Those Bugs Off My Tree!!!!!

One of the best parts about Christmas at Generation Property Group is going on the hunt for the perfect LIVE Christmas tree.We have the best memories of strapping a tree to the top of our subaru and

Read More

Who doesn't love Christmas Lights?!

One thing we've learned about 2020 is to be creative with activties! While a lot has changed in our daily lives, we have used our creativity to plan healthy and safe things to do while social

Read More

Make Ahead Thanksgiving Recipes!

We know 2020 has been a CRAZY year! Here are some easy make ahead Thanksgiving recipies to help make this year's Thanksgiving a little less crazy! Test out one of these RECIEPIES in your new Denver

Read More