DMAR Real Estate Market Report
Trends Report - February
As 2016 has drawn to a close, the report identifies highs and lows in the housing market last year and how it compared to previous years.
"2016 will go down as another robust market defined by record-low inventories and record-high prices," states Steve Danyliw, Chairman of the DMAR Market Trends Committee and Denver real estate agent.
"First, housing inventory has been an issue as evidenced by historically low numbers for the past three years," he said. In February, DMAR recorded 3,963 active listings at month end, representing the lowest number of any month since housing data started being tracked in 1985. December 2016 finished with 4,265 active listings, which was 68.9 percent less than the historical December average of 13,702, and beat the previous December low in 2014 at 4,355.
To view the full report