Madison & Co. Properties April 2022 Market Stats Snapshot

Another month has come and gone, and the numbers are in. March was full of record-breaking stats. Month-end active inventory went up 81.16 percent from February to March. Those additional 995 new list­ings on the market at the end of the month will slightly aid the balance of supply and demand. While the percentage increase is simply staggering, having such low initial numbers yield a higher percent change. That, along with the 43.5 percent increase in new listings, will help balance the accelerated price apprecia­tion we have recently seen. Earlier in the year, buyers offered six figures above the asking price while com­peting with dozens of offers. With the recently increased inventory, it is more common to compete with just a few offers. Although competition has loosened, it's not all rainbows and butterflies for buyers.

"What does a breath of fresh air look like? It may be a gentle breeze on a warm day or in a Realtor's® life. increased inventory, and glimpses of hope for a market desperate for more balance. March was a breath of fresh air. With a large increase in month-end active and new listings hitting the market, a slight seasonal shift will positively impact buyers who have started to feel that fatigue."

-Andrew Abrams, Chair of the DMAR Market Trends Committee and Metro Denver Realtor®.

Additionally, homeowners had unprecedented equity growth. With an increase in appreciation of 19.88 percent, you might be wondering what your home is worth. If you're interested in knowing the answer, shoot me an email, and I'd love to provide you with a free home value estimate!

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