Looking at the spread of listings on the market in the Denver metro area is an interesting study.
26% of homes on the market are in the $300,000 to $500,000 range.
As the price goes lower, so do the choices of inventory. This a tough news for the first time home buyers who are trying to take advantage of the $8000 tax credit.
This part of the market is experiencing a very strong influx of buyers, with most homes (if they are in good condition) receiving multiple offers.
It’s so hard to explain to a first time buyer that the price they are looking at is really the “starting price” in a bidding war.
Total Combined Number of Homes for Sale Graph
The total number of homes on the market is much lower that it has been for many years.
This fact, combined with the surge in the market in the lower end continues to make finding a home very difficult for some.
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Welcome to Denver Dwellings where I blog about Denver real estate trends, where to live, eat, play and how to buy
or sell a house in Colorado. This part of the world is where I call home, it is a place I love and I hope that
joy shows through!
