In this Won’t You Be My Neighbor? edition, we look at the home inventory in Lakewood, Colorado. The map above shows the city boundaries. The chart below displays the 5-year trend for listing prices and inventory for homes for detached single-family residences under $400,000. That median listing price increase is almost $100,000 for the time period while the decline in inventory is very apparent. Spring season is upon is so the increase in listings pattern should repeat itself but more than likely at a lower number of listings. It remains a great opportunity for owners to make that move to sell.
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