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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Topic:
ActiveRain Community
Location:
Colorado Denver County Denver
Groups:
Metrolist®
Tags:
the market
interest rates
home buyer
inventory
home value
housing market
colorado
denver
colorado dream house
dan polimino

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Rainmaker
508,683
Ed & Tracy Oliva
Arizona Agents
West USA Realty - Arizona

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

April 10, 2012 02:59 AM
Rainmaker
612,634
Bob Miller
The Ruiz/Miller Team - Ocala's Dream Team
Keller Williams Cornerstone Realty

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

April 10, 2012 03:19 AM
Rainmaker
1,748,937
Gita Bantwal
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel
RE/MAX Centre Realtors

Thanks for sharing the good news.

April 10, 2012 04:02 AM
Rainmaker
520,068
David Burrows
No Pressure, Just Seriously Devoted to Real Estate
Classic Realty

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

April 10, 2012 04:22 AM
Rainmaker
177,110
Erv Fleishman
Luxury Prop Specialist Realty Associates
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. 

April 10, 2012 05:03 AM
Anonymous
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Rainmaker
285,842

Dan Polimino

Real People. Real Professionals. Real Estate
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