Act now! 10 major housing markets with the shortest supply of homes

By
Real Estate Agent with Keller Williams Realty DTC
http://actvra.in/yBF

Denver

Decline in inventory: 42%

This mountain-high city never experienced the highs and lows in home values that its coastal counterparts did. And now, with rents rising and vacancy of just 2%, more apartment-dwellers are taking the plunge into homeownership, local broker Gary Bauer says.

This city's inventory in February was down 42% from the same period a year earlier, at just 10,086 units. The number of homes going under contract spiked 19% between January and February of this year as buyers raced to take advantage of low interest rates and relatively low prices.

"I'm not sure what magic thing happened in January, but buyers really came out," Bauer says.

Prices aren't falling as they are in many other markets, according to Metrolist. The average home price of $270,821 was up 2% from February 2011. Bauer says March looks to be another record month.

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Tags:
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dan polimino

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Rainmaker
756,827
Carol Zingone
Berkshire Hathaway Home Services Florida Network Realty - Jacksonville Beach, FL
Global Realtor Based in Jax Beach, FL

Dan - great to read other communities are experiencing what we are right now!

Apr 10, 2012 02:49 AM #1
Rainmaker
532,162
Ed & Tracy Oliva
West USA Realty - Arizona - Pinetop Lakeside, AZ
Arizona Agents

Dan; Good news for all,maybe its finally go time,so lets make some money,good luck with your business in 2012.  E

Apr 10, 2012 02:59 AM #2
Rainmaker
636,809
Stephanie/Bob The Ruiz/Miller Team
Keller Williams Cornerstone Realty - Ocala, FL
The Ocala Dream Team

Hi Dan, great news.  I am hearing it from all over the Country which is even better news.

Apr 10, 2012 03:19 AM #3
Rainmaker
1,920,105
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thanks for sharing the good news.

Apr 10, 2012 04:02 AM #4
Rainmaker
531,693
David Burrows
Classic Realty - Fairfax, VA
No Pressure, Just Seriously Devoted to Real Estate

Dan, thanks for sharing this positive news. We are experiencing much of the same. 

Apr 10, 2012 04:22 AM #5
Rainmaker
177,110
Erv Fleishman
Realty Associates - Boca Raton, FL
Luxury Prop Specialist Realty Associates

Lack of inventory is a major problem. 

What are the absolute numbers and how do they compare to five years ago, etc etc. 

Apr 10, 2012 05:03 AM #6
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Rainmaker
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Colorado Dream House Team

Real People. Real Professionals. Real Estate
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