Like waters rushing down from the melting snow in the mountains, new home listings usually pour into the metro Denver market around this time of year. But things are not flowing along like they normally do and the blockage appears to be on the side of sellers.
“Traditionally, in the spring selling season, the market sees an increase in both active listings at month-end as well as new listings. The sluggish movement in these categories, however, leaves a lot to be desired,” said Libby Levinson-Katz, in comments included with the latest monthly update from the Denver Metro Association of Realtors.
There were 4,758 new listings for single-family homes and condos last month, a 6.7% drop from March and a 31% decline from a year earlier.
And while the inventory of homes and condos…
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