Denver | February | Top Ten Talking Points

1) 22.4% jump in showing activity week over week.

2) Showings have been steadily increasing since the beginning of the year and will continue to gain momentum through April.?

3) Homes over $1,500,000 will likely pick up the weekend following President's Day.

4) Inventory continues to remain tight, dropping by another -3.9% this week.

5) Inventory is likely to continue to decline until March or April constricting our market and driving us deeper into a seller's market.?

6) Homes going under contract picked up 7.0% this week.?

7) This continuing shift between the relationship of supply and demand forced us down to 1.0 months of inventory, extreme seller's market territory.?

8) Supply in months tends to fall until May. When this number drops below 1.0 months, multiple offers become increasingly likely.

9) YOY, buyers had 6.6% negotiation power from a seller' s original listing price, today that is 0.4%.

10) 18.8% of listings go under contract in the first 7 days (down 33% YOY and 7% MOM).

Greg Cox CJ Porterfield

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