The continuing saga of the Seller’s market is moving toward its fourth quarter with no apparent let up in Denver. Here are the weekly stat charts in reverse chronological order. If I had known how much the below would tell us in terms of inventory and absorption, I would have kept more complete records. Clearly, Denver’s Real Estate market continues to have shrinking inventory syndrome with fewer homes coming on the market than are selling, every week!
As I have said before, this is more about us, the people involved than the inventory of homes for sale in Denver. You see, before we sell a home we have to have an overwhelming need to do so. It could be a job, a death, a new family, a smaller family, or mom needs to sell across town to get closer to us…but until that happens, or we can be greedy again, we will not “see what we can get” and try to sell our home.
Watch how the market has stayed the same through this year starting with 8-12-2014.
BOM is Back on Market and represent those properties that went under contract, but due to issues beyond anyone's control, did not make it to closing, came back on the market and add to the inventoryof homes available for purchase.
August 12, 2014 New + BOM = 1529 U/C = 1613
August 4, 2014 new + BOM = 1479 U?C = 1629
July 29, 2014 new + BOM = 1422 U/C = 1578 inventory
July 21, 2014 New + BOM = 1771 U/C = 1793
July 15, 2014 New + BOM = 1652 U/C = 1705
July 8, 2014 New & BOM = 1355 U/C = 1397
June 30, 2014 New & BOM = 1674 U/C = 1674
April 29, 2014 NEW + BOM = 1490 U/C = 1625
April 7, 2014 NEW+ BOM = 1485 U/C = 1765
March 18, 2014 NEW + BOM = 1274 U/C = 1711
Should you be thinking about selling your home, in Denver, or anywhere in the country, I would appreciate you reaching out to me.