The real estate market in Denver has continued to see increasing numbers in sales year over year. Home prices continue to climb and inventory in Denver hit a 35-year low at less than 7,000 earlier this month. For homes priced at $500,000 and under, the absorption rate for inventory is 30 days or less.
CNBC reported this week that low-down payments are back as mortgage lenders ease the rules. This means that buyers have even more choices with the type of financing available. Conventional loans are now available with just 3% down with some mortgage lenders.
The snapshot below of activity in the Denver metrpolitan real estate market in February 2013 shows that closed homes rose almost 19% vs. Febrary 2012.