"Active listings hit 2,603 in February, up 20% from a year ago, while the national inventory gain was just 7.9%. New listings also rose 11.8% year-over-year, compared to a modest 2.4% nationally."
"The median list price fell to $522,500 in February - a 4.6% year-over-year drop, more than twice the national decline of 2.1%. One in five listings carried a price reduction, a rate well above the national 15.5%."
"Rising inventory didn't kill demand - it just made buyers more selective. Denver homes sat on the market for a median of 39 days in February, nearly 11% faster than a year ago."
Denver's housing market is experiencing a shift towards buyers as inventory increased by 20% year-over-year, significantly outpacing the national rate. The median list price fell by 4.6%, indicating a steeper decline than the national average. Active listings reached 2,603 in February, while new listings rose by 11.8%. Homes are selling faster than last year, with a median of 39 days on the market, compared to 70 days nationally. Buyers now have more leverage, while sellers must price their homes competitively from the start.
Read at SFGATE
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