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Pages: 1
AuthorTopic: Inventory is looking to pick up in the spring of 2017


Dan
Administrator
Posts: 25
Inventory is looking to pick up in the spring of 2017
on: May 10, 2017, 23:05

<h1>Evergreen Market Update</h1>
The number of active <a href="http://foothillsrealproperty.com/homes-for-sale-toppicks/Jefferson-County/474759/">listings in the Denver Foothills</a> 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 <a href="https://plus.google.com/+KellerWilliamsFoothillsDanSkellyEvergreen/posts">Realtor</a> I hope our inventory increases only so my buyers can have larger pool to choose from.
<table cellspacing="0" cellpadding="0">
<tbody>
<tr>
<td align="center">
<div>
<div class="statsDataBody">
<table cellspacing="0" cellpadding="0">
<tbody>
<tr class="statsDataHeader">
<th class="input">Month</th>
<th>Active Listings, Number of</th>
</tr>
<tr class="statsDataRow statsDataRowOdd">
<td class="input">Jun 2016</td>
<td>323</td>
</tr>
<tr class="statsDataRow statsDataRowEven">
<td class="input">Jul 2016</td>
<td>343</td>
</tr>
<tr class="statsDataRow statsDataRowOdd">
<td class="input">Aug 2016</td>
<td>352</td>
</tr>
<tr class="statsDataRow statsDataRowEven">
<td class="input">Sep 2016</td>
<td>318</td>
</tr>
<tr class="statsDataRow statsDataRowOdd">
<td class="input">Oct 2016</td>
<td>286</td>
</tr>
<tr class="statsDataRow statsDataRowEven">
<td class="input">Nov 2016</td>
<td>229</td>
</tr>
<tr class="statsDataRow statsDataRowOdd">
<td class="input">Dec 2016</td>
<td>196</td>
</tr>
<tr class="statsDataRow statsDataRowEven">
<td class="input">Jan 2017</td>
<td>164</td>
</tr>
<tr class="statsDataRow statsDataRowOdd">
<td class="input">Feb 2017</td>
<td>167</td>
</tr>
<tr class="statsDataRow statsDataRowEven">
<td class="input">Mar 2017</td>
<td>194</td>
</tr>
<tr class="statsDataRow statsDataRowOdd">
<td class="input">Apr 2017</td>
<td>172</td>
</tr>
<tr class="statsDataRow statsDataRowEven">
<td class="input">May 2017</td>
<td>183</td>
</tr>
</tbody>
</table>
</div>
</div></td>
</tr>
</tbody>
</table>
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.
<table cellspacing="0" cellpadding="0">
<tbody>
<tr class="statsDataHeader statsDataHeader0">
<th colspan="6">Active Listings, Number of</th>
</tr>
<tr class="statsDataHeader statsDataHeader1">
<th class="input">Month</th>
<th>2012</th>
<th>2013</th>
<th>2014</th>
<th>2015</th>
<th>2016</th>
<th>2017</th>
</tr>
<tr class="statsDataRow statsDataRowOdd">
<td class="input">Jan</td>
<td>796</td>
<td>583</td>
<td>309</td>
<td>215</td>
<td>180</td>
<td>164</td>
</tr>
<tr class="statsDataRow statsDataRowEven">
<td class="input">Feb</td>
<td>766</td>
<td>584</td>
<td>305</td>
<td>212</td>
<td>182</td>
<td>167</td>
</tr>
<tr class="statsDataRow statsDataRowOdd">
<td class="input">Mar</td>
<td>765</td>
<td>559</td>
<td>340</td>
<td>219</td>
<td>211</td>
<td>194</td>
</tr>
<tr class="statsDataRow statsDataRowEven">
<td class="input">Apr</td>
<td>814</td>
<td>602</td>
<td>373</td>
<td>256</td>
<td>246</td>
<td>172</td>
</tr>
<tr class="statsDataRow statsDataRowOdd">
<td class="input">May</td>
<td>889</td>
<td>714</td>
<td>440</td>
<td>300</td>
<td>269</td>
<td></td>
</tr>
<tr class="statsDataRow statsDataRowEven">
<td class="input">Jun</td>
<td>940</td>
<td>776</td>
<td>468</td>
<td>352</td>
<td>323</td>
<td></td>
</tr>
<tr class="statsDataRow statsDataRowOdd">
<td class="input">Jul</td>
<td>953</td>
<td>791</td>
<td>482</td>
<td>405</td>
<td>343</td>
<td></td>
</tr>
<tr class="statsDataRow statsDataRowEven">
<td class="input">Aug</td>
<td>928</td>
<td>738</td>
<td>454</td>
<td>389</td>
<td>352</td>
<td></td>
</tr>
<tr class="statsDataRow statsDataRowOdd">
<td class="input">Sep</td>
<td>865</td>
<td>642</td>
<td>405</td>
<td>356</td>
<td>318</td>
<td></td>
</tr>
<tr class="statsDataRow statsDataRowEven">
<td class="input">Oct</td>
<td>804</td>
<td>539</td>
<td>374</td>
<td>306</td>
<td>286</td>
<td></td>
</tr>
<tr class="statsDataRow statsDataRowOdd">
<td class="input">Nov</td>
<td>726</td>
<td>418</td>
<td>303</td>
<td>250</td>
<td>229</td>
<td></td>
</tr>
<tr class="statsDataRow statsDataRowEven">
<td class="input">Dec</td>
<td>669</td>
<td>353</td>
<td>264</td>
<td>198</td>
<td>196</td>
</tr>
</tbody>
</table>
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.

Keller Williams Foothills
32214 Ellingwood Trail
Evergreen, CO 80439
Dan Skelly
303-503-8793

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