Shortage of inventory forcing metro Denver homebuyers into bidding wars

real estate6There are so few homes available for sale in metro Denver, brokers have resorted to walking neighborhoods to urge homeowners to sell, sending fliers stating “Sold in a day? It’s happening” and posting “Wanted” signs seeking specific types of homes.  Many homeowners who are selling are experiencing bidding wars and purchase prices well above asking prices.  Many homes are getting bids as soon as they hit the MLS.  There were only 6,682 homes or condos available for sale in the 11-county region in March.
Read article – Denver Business Journal

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About dherries
Dave and Sally Herries and The RealtyColorado Team - Real Estate Broker serving the metro-Denver area. Offering properties in urban, sub-urban and rural areas. Our mission statement is "Enriching lives through real estate."

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