Great Time To Sell

Great Time To Sell

Over the last 30 years, active listings have stood as an important measure for understanding the condition of our housing market. A surplus of listings creates conditions favorable to buyers, while a deficit in listings will favor sellers. 2014 through mid-2018 represented a historic period of extreme low inventory. This period shaped our robust housing market that continues today. From May 2018 through January 2019 inventory lev­els started growing and so too did the feeling of a sense of optimism from buyer's agents and concern from listing agents as we foresaw a more balanced market in our future.

Active listings reached their lowest point in December of 2017 with 3,854 listings. A year later, that number increased 44.7 percent to 5,577. This growth in inventory was due in part to sluggish sales and a higher number of new listings entering the market. According to the numbers, this trend started to reverse itself towards the midpoint of 2019 with November representing the first month in the previous 13 that showed a decrease in listings compared to the previ­ous year. We finished 2019 down 9.7 percent from 2018 in active listings. Are we heading back to a shortage of inventory? The trend suggests yes, at least through the first half of 2020 and possibly longer as buyer demand remains strong.

Unlike other historical numbers we track, active listings generally will not increase year to year. 2019's year-end number represents 41.1 percent of our 30-year annual average of 12,262. Our record-high came in July of 2006 when we recorded 31,989 listings. During that period of record highs, months of in­ventory stood at 6.6 months which implied a robust buyer's market in which everyone had a listing but agents with buyers were king. Today's 1.2 months of inventory stands in significant contrast from 2006 as we continue to remain a seller's market.

Source: Denver Metro Association or Realtors

Patricia Belaire Headshot
Phone: 303-549-5573
Dated: January 26th 2020
Views: 59
About Patricia: As a real estate broker and real estate investor, Patricia Belaire understands the importance of rea...

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