The association describes the current scenario as an unwavering seller s market, and it s got the figures to back that up. In the past, many buyers have waited out the winter before getting more serious in the spring about making purchases. This year, however, the typically slow cold-weather months were red-hot, suggesting that the next few months will be even crazier than usual.
Low inventory is certainly an important driver behind what s happening. Active listings for detached homes in Denver at the end of March stood at 1,122, a bump of just two from the 1,120 in February, but more than 70 percent lower than the 3,829 available homes counted a year earlier.