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[REGIONAL NEWS] Home sellers stretching for every last penny in metro Denver

Homes facing a price cut now outnumber new listings

BERTHOUD, CO – JULY 16: Mission Homes Colorado founder David Gregg, second from left in ball cap, walks with Colorado senator Rob Woodward, right, as they, and others, check out the new development on July 16, 2019 in Berthoud, Colorado./Photo by Helen H. Richardson/The Denver Post

By Aldo Svaldi  | The Denver Post

Home sellers in metro Denver appear to be trying to squeeze every last drop out of a historic run-up in prices. But in doing so, they risk getting squeezed themselves.

In the past seven days, through Thursday, 1,433 new homes and condos came on metro Denver’s multiple-listing service. But in that same stretch, 1,539 listings underwent a price decrease, notes Anthony Carnesi, CEO and manger at Keller Williams Realty DTC.

“The number of price reductions in the six-county area is greater than the number of new listings,” he said.

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