Denver Real Estate Blog

Fewer homes were on the market in Denver last month than in March 2007, some possible good news for the local housing market.
Of 28 major metro areas in the country, Denver was among only five with a year-over-year decline in such inventory, according to a report in The Wall Street Journal.
The drop wasn’t huge, 3.5 percent. But it ranked Denver third after Boston, which was down 10.9 percent and Dallas, down 4.4 percent. Atlanta and Chicago had smaller declines.
Unsold home inventories are one barometer of supply and demand in a market. Falling inventories can signal that a market may be bottoming or that frustrated sellers have pulled their homes from the market.

The 6.4 months needed to clear Denver’s overhang of unsold homes at the current rate of sales also was the lowest among metro areas.
In another positive sign, Forbes ranked Denver as the seventh-best market among metro areas for home sellers. Forbes cited a nearly 50 percent drop in new home construction, a 20 percent decline in the number of vacant homes and a 2 percent rise in new jobs.

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Jeffery McClintock, is a real estate broker in Denver and prides himself on providing clients with professional guidance in all phases of residential new construction, including market research, product development, consulting, marketing and advertising. His personal mission is to bring to you a level of knowledge, experience, commitment, high standards and results to answer your real estate needs. He believes, the most effective way to provide superior service is to build a strong working relationship with you. His system includes regular consultations and feedback, which is the best tool for identifying and clarifying your real estate objectives and help define strategic solutions.

Jeffery has been a licensed Realtor since 1995. During this time he has successfully closed over 135 million dollars of residential real estate, and 40 million dollars in un-improved land amounting to 660 individual real estate transactions. His professional experience includes the Denver Colorado front range and the Second Home market in Breckenridge, Colorado located in Summit County