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Denver market very tight inventory, multiple offers

By swebb   2012 Dec 1, 11:59am   548 views   0 comments   watch (1)   quote      

I have been in the market for about 2 years now. Various reasons for the long duration including personal uncertainty with job / job location, market uncertainty, and financial planning...But, I have been watching the local listings very closely and following the market. It has been quite supply constrained for a while now, and over the past year we have seen prices increase around 8-10%.

We put an offer on a house the other day -- we made a nice clean offer, about 5% under asking. It had been on the market for about 5 days. 5 offers, 2 full price. Maybe we will get the next one.

This is central Denver -- the suburbs are a different story.

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