Number of homes on Denver metro market jumps in March

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Metro Denver homebuyers had more listings to sort through last month than they did a year ago, but those listings are coming under contract faster and home prices are on the way up again, according…

Metro Denver’s housing market is heating up on schedule, with more inventory popping up and shorter sale times. But home price are also rising, which could make it harder for first-time buyers to cut a deal. Metro Denver homebuyers had more homes and condos to sort through last month than they did a year ago, but those listings are going under contract faster and costing more, according to a

Levinson-Katz, also a Denver Realtor, said she sees more sellers choosing to downsize, either throwing the equity they have made to buy a smaller property outright or putting so much down they can get by with a smaller loan and reduced payment. Prices normally rise as activity heats up, and the gains seen last month are in line with seasonal changes, Levinson-Katz said.

 

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