Inventory is looking to pick up in the spring of 2017

It's Nice to Share!

Evergreen Market Update

The number of active listings in the Denver Foothills is up slightly month over month but is still on pace to be lower year over year. Although the talk around the Keller Williams Foothills office (with our 65 brokers in the Denver Foothills) is that inventory will continue too rise throughout the spring as it usually does. No one know if I will be increasing on a year over year bases. As a Realtor I hope our inventory increases only so my buyers can have larger pool to choose from.

MonthActive Listings, Number of
Jun 2016323
Jul 2016343
Aug 2016352
Sep 2016318
Oct 2016286
Nov 2016229
Dec 2016196
Jan 2017164
Feb 2017167
Mar 2017194
Apr 2017172
May 2017183

If you look at the chart below the light at the end of tunnel might be that according to NAR most Americans move about every 5 years these days. This 5 year chart shows the huge amount of litings just five years ago. The amount of equity that has bee built up in the last 5 years might be enough of an incentive for people to "cash out" and move on.

Active Listings, Number of
Month201220132014201520162017
Jan796583309215180164
Feb766584305212182167
Mar765559340219211194
Apr814602373256246172
May889714440300269
Jun940776468352323
Jul953791482405343
Aug928738454389352
Sep865642405356318
Oct804539374306286
Nov726418303250229
Dec669353264198196

It is healthy for all markets to have some inventory available. When there is too little inventory people kind of freak out and the mentality turns into a "must have" situation. It is the same principal that drives up stock prices. The thing about stocks is they tend to be much more liquid and volatile. The real estate market tends to have much more drastic corrections. At least this is the case lately. In other words if you live in the Denver Foothills and thinking about listing your home, give me a call and I will be happy to discuss the market with you.

Of course this is not in all Denver Foothills Communities but it is for most of them.

Join the Forum discussion on this post