10/06/2022
Full report found here: https://bit.ly/MTR-10-22
Traditionally, a market with less than three months of inventory is considered a seller’s market. In direct relation to that, a market with more than six months of inventory is considered a buyer’s market, which means that three to six months of inventory is defined as a balanced market. These benchmarks help define the Denver Metro current market, which is notably changing.
Currently, the $100,000 to $199,999 and $1 million and over segments for detached homes are pushing the three percent threshold, with 2.75 percent and 2.62 percent, respectively. The $1 million and over segment for attached homes is at 2.83 months of inventory. Using months of inventory as a metric indicates that Denver Metro is moving toward a balanced market.
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