Signs point to early spring selling.
Position | DRAWING CONCLUSIONS |
The 3,989 active listings of single-family homes and condos in metro Denver in January represented an all-time inventory low for any January on record, according to the Denver Metro Association of Realtors' February 2017 Real Estate Market Trends Report. "Low housing inventory has been a key driver for over two years now, and I don't see that changing any time soon," said Steve Danyliw, chairman of the DMAR Market Trends Committee and a Denver real estate agent. "The second driver is mortgage interest rates. All predictions indicate a steady rise in interest rates throughout 2017. This could compel buyers that are sitting on the sideline to get into the big game. This--combined with mild temperatures--could cause our spring selling...
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