Denver Real Estate Market Has Buyers But Not Enough Sellers

The real estate market continues to struggle, but one positive note is that people are looking to buy. The problem real estate agents are facing is there isn't enough inventory to satisfy the buyers.  "Under the $250,000 price range, it's a really hot market. We're seeing multiple offers, paying over asking price,"

The latest real estate numbers show for homes priced under $500,000, inventory is down 36-percent compared to what it was this time last year. The condominium market is even more competitive, inventory is down 50 percent compared with last year.

Also factor in the latest Census Bureau reports that indicate Colorado had a net gain of more than 31,000 people moving in from elsewhere in the United States last year.

"There is so little competition right now in the market place that if you're a seller and you'd like to sell … it's an incredible time to sell."  With rates remaining low, it's also a great time for buyers!

A bit of advice for people who want to sell their homes, "get in front of the inventory that's coming this spring, by getting listed on the market right now."