by Calculated Risk on 7/06/2021 01:13:00 PM
Note: I’m tracking data for many local markets around the U.S. I think it is especially important to watch inventory this year.
“Big percentage changes happen when the market starts with the low inventory that Denver has recently seen,” said Andrew Abrams, Chair of the DMAR Market Trends Committee and Metro Denver REALTOR(R). “For the first time in what feels like a long time, buyers have to compete with less competition, and therefore, the extreme bidding wars have drastically decreased. Sellers are now adjusting their listing strategy to what the comps suggest. However, while inventory did drastically increase from the previous month, we are still at less than one-third of the total inventory compared to 2019 at this time.”