October 2022

Chatfield Reservoir

Metro Denver Real Estate Market Update, October 13, 2022

Nationally, inventory – the number of homes for sale – has been falling for a long time and was at historic lows during 2020 and then fell even further in 2021. Inventory was meager, but demand increased. The increase was due to various factors, including record-low interest rates, a desire for more space, and a frenzy that made some buyers feel like they may be shut out of the market forever if they didn’t purchase a home.