Low inventory continues to be the new normal in Denver, Colorado.
Check out the stats above. As of February 2012 we were 41.89% below where we were just one year ago for homes and condos on the market in Denver. There are only 10,086 single family and condos on the market.
This low inventory is really helping home sellers at the moment. It seems like the good old days of the boom market right now as we are seeing multiple offers on homes. Multiple offers are creating situations where some homes are being bid up to higher prices.
Could significant appreciation be far behind? It sure looks like it could happen in some neighborhoods.
When you drive home tonight look around your neighborhood and take note of how few for sale signs there are. Anyone that has been on the fence about making a move might want to reconsider. Now is definitely a great time to sell your home.