Over the winter, there are fewer houses for sale. Normally, from September to October, the number of listings dips 5.8 percent, according to the Denver Metro Association of Realtors November trends report.
But this year, it’s almost twice that. This year, there was a seasonal decrease of 11.4 percent from September to October. That’s the biggest fall in 30 years.
That means that 2016 represents a new record low for the number of listings in October — only 6,731. Accordingly, sales in October fell 11.43 percent compared to October 2015.
Plus in Denver, median sale prices are up 12.9 percent from last year. Heck, they’re even marginally up from last month and practically every other metric was either down or unchanged.
Hey, but the report says that realtors are saying lots properties that would’ve got multiple offers above asking price are receiving more conservative offers. So maybe some homebuyers will get lucky.