The New Year Kicks Off Briskly for Denver-area Real Estate
In January, a massive influx of new homes came on the market in metro Denver but were quickly scooped up by homebuyers.
While 4,853 new listings hit the market, up 89% from December, January ended with 4,941 active listings because homebuyers placed 43% more homes in pending status month over month which diminished the housing inventory surplus.
Contributing factors to the market heating up quickly included continued low interest rates and 18 days above the average temperatures in January.
- February 14th, 2020
- +Kentwood Marketing