When you hear us talk months of inventory what that means is that based on how quickly homes are selling, if no more sellers put their home son the market for sale, that we would be out of homes to purchase in X amount months. This is what determines a buyer or seller market. Anything under 6 months is considered a seller market and anything over 6 months is considered a buyers market with exactly 6 months being an equilibrium between them or a "normal" market.
Current the national average for months of inventory is 1.9 months. But in our Colorado Front Range markets we are seeing even less than that! Check out below for a quick break down. If you have any questions about your current equity position in your home, reach out to our team and we would be happy to take a look for you.
Larimer County: .7 Months of Inventory or about 21 Days
Weld County: .8 Months of Inventory or about 24 Days
Boulder County: 1 Month of Inventory or about 30 Days
Denver Metro: .4 Months Inventor or about 12 Days