February Market Stats

The Denver real estate market continues to be summed up by four words: low inventory, rising prices. According to market statistics recently released from REcolorado, the active number of listings dropped 1% in February from January, in a market that was already tight. Active listings are down overall 25% from a year ago. Perhaps in a bright spot, however, new listings were up 14% over the previous month and 4% over a year ago.