While the economy roars back to life, real estate continues to be judged. DMAR tells us that 2594 for sale - a lower than low figure. The previous low was 2015 with around 2400. Listen in for this recap.
The months of inventory is currently .51 months for detached homes, and detached inventory is currently at .46 months.
Detached homes' median price is $585,000 in 11 counties, whereas attached are at a $376,660 median in 11 counties.
With a substantial equity cushion, the Denver Metro area has been able to avoid the dreaded and predicted bubble.
2.5% of area homeowners have less than 10% equity, and 1.5% in the same region have negative equity.
Builders have customers, but because lumber prices up 25%, steel up 160%, sheet goods up 400%, this has put a crimp in their ability to build homes ahead of inventory demands.
To leave or reply to comments, please download free Podbean or
To leave or reply to comments, please download free Podbean App.