Despite a double-digit percentage increase in new listings, the continued low inventory and interest rates that hover around 7% hindered potential buyers
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In recent months, we ve documented the increasing challenges facing average house hunters in Denver, thanks to one of the most unexpected and unpredictable boom markets in local real estate history. But the struggle doesn t stop at city limits. Across Colorado, high demand that continues to outstrip inventory has increased the difficulty of finding a home to call your own without breaking the bank or robbing one.
That s one of the takeaways from a new overview by the Colorado Association of Realtors. The organization reached out to members across the state to get their take on the 2020 market where they live and work, and the story is the same almost everywhere: more buyers than there are houses, resulting in a seller s market that continues to drive prices up, up, up, with no end in sight.