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REGIONAL NEWS: Supply of homes for sale is shrinking across Colorado, not just in Denver

Posted by   /  January 15, 2020  /  No Comments

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BERTHOUD, CO – JULY 16 / Photo by Helen H. Richardson/The Denver Post

By Aldo Svaldi | The Denver Post

Homebuyers across most of Colorado, not just those in metro Denver, are faced with much slimmer pickings heading into 2020, according to December market reports from the Colorado Association of Realtors.

In metro Denver, the inventory of single-family homes available for sale was 28.9% lower at the end of 2019 than it was at the end of 2018, according to the report.

And while sales for the year were up about 5.8% in metro Denver last year, the bigger drain on supply appears to have come from hibernating property owners not putting homes up for sale.

In November, new listings of single-family homes for sale in the seven-county metro Denver area fell 32.8% from October, and then they fell another 29.5% in December from November, according to CAR’s counts.

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