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February Market Update

Here’s the latest real estate news for the Denver area…

10-second summary:
– Inventory is still very low for our population, but it’s up 41% since last year.
– Buyers have more to choose from and there is less competition for most homes.
– The era of lightning-quick sales is mostly over and we’re moving towards a more balanced market. That means that sellers should expect 30-50 days on market instead of 5-20.
– We are NOT in a bubble but we are headed towards a recession “lite” in the next couple of years, which is a normal cycle of the market. We won’t see anything like 2008-2012.

Here are all the details…

http://drewshometeam.com/denver-market-update/