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.

Month Active Listings, Number of
Jun 2016 323
Jul 2016 343
Aug 2016 352
Sep 2016 318
Oct 2016 286
Nov 2016 229
Dec 2016 196
Jan 2017 164
Feb 2017 167
Mar 2017 194
Apr 2017 172
May 2017 183

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
Month 2012 2013 2014 2015 2016 2017
Jan 796 583 309 215 180 164
Feb 766 584 305 212 182 167
Mar 765 559 340 219 211 194
Apr 814 602 373 256 246 172
May 889 714 440 300 269
Jun 940 776 468 352 323
Jul 953 791 482 405 343
Aug 928 738 454 389 352
Sep 865 642 405 356 318
Oct 804 539 374 306 286
Nov 726 418 303 250 229
Dec 669 353 264 198 196

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.

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