We have a shortage of inventory to sell. This is really good news for sellers in the Denver Metro area.
Inventory in 4Q11 was at a low level; the active listings received quite a few showings. It’s a great time to have listings, especially under $450K.
The shortages of inventory have, and likely will continue, to drive up prices of entry level homes. High end homes, suffering with too much inventory, continue to see price declines.
Number of homes sold by month in 2005 to 2010. 2009 was the worst year in recent memory; 2010 was impacted by the tax credits. 2011 DSF unit sales were +2% ahead of 2010.