Today, in the Calculated Risk Real Estate Newsletter: Denver Real Estate: Active Inventory up Sharply in March
A brief excerpt: Today, the Denver Metro Association of Realtors® (DMAR) has released their data for March, and it appears to show a sea change in active inventory.
From the DMAR: DMAR Real Estate Market Trends Report … Month-end active inventory went up 81.16 percent from February to March.
“Earlier in the year, buyers offered six figures above the asking price while competing with dozens of offers,” commented Andrew Abrams, Chair of the DMAR Market Trends Committee and Metro Denver Realtor®. “With the recently increased inventory, it is more common to compete with just a few offers.” DMAR reports total residential active inventory (detached and attached) was 2,221 at the end of March, up 81.2% from 1,226 at the end of February, and up 9.7% year-over-year from 1,921 in March 2021.
I’ll have data on many more markets soon.There is much more in the article. You can subscribe at https://calculatedrisk.substack.com/