January started off the year with a record-low inventory of home for sale in metro Denver — 3,869 listings, according to the Denver Metro Association of Realtors' latest market trends report.
"These lows will not change until new listings significantly outpace under contracts," said Steve Danyliw, DMAR's chairman.
For comparison, the record high for inventory in January was in 2008, with 24,550 listings.
Danyliw said homes under contract in January were almost the same number as new listings. "This means that as fast as listings come on the market, they are placed under contract," he said.
Read more at the Denver Business Journal: http://bit.ly/2EFG4fH
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