Inventory is down in the Denver real estate market. Home prices are on the rise in Denver. Denver home owners are starting to list their homes, but there is still hesitation in the market. Are we truly in a sellers market, should sellers really have 100% confidence in the market? Check out this article from Inman News, to sell or not to sell, that is the question.
Many analysts believe that the number of would-be homes for sale is far greater than the number of homes currently on the market. Stan Humphries, chief economist for Seattle-based Zillow, an online real estate marketplace, uses the iceberg analogy when describing today’s shadow inventory of homes.
“The portion of the iceberg below the waterline is inventory that’s waiting to come into the market at some point,” Humphries said. “And as it bleeds into the market over time, it continues to put downward pressure on prices.”
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