This year, there is almost half as much inventory (48.88% less) than this time last year. The lack of inventory will likely translate into another intense buying atmosphere because Denver doesn't have enough options! Many realtors feel that bidding wars are still very intense despite the competition being tamer than the peak of last season!
"While traditionally the market sees a 70 percent increase in new listings from December to January, the market ended down 17.77 percent in new listings compared to 2021, a 31.04 increase from the previous month. Likewise, the market ended with month-end active listings at a historic low of 1,184. To put into context, that is over 10 times less inventory than normal. " -DMAR Real Estate Market Trends Report, February 2022
Madison & Co. Properties has been around since 2008, and we operate on a single idea – it's all about our clients. We are dedicated to giving each client the personal service they deserve to make the best decisions for their real estate needs. Whether you are a first-time homebuyer or an experienced investor, our team is here to help. So what are you waiting for? Contact your Madison Properties agent today!