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

Dated: 06/03/2014

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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 
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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....

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