Wow! This real estate market in Denver is wild! We have seen huge increases in home prices for the last two years. Of course, we all know, this is great for sellers and bad for buyers. The main cause of this is the low inventory. If you add the number of people who are either becoming adults or moving into the area, that number is much greater than the available housing, for rent or purchase. When a buyer is having a hard time getting a contract on a home because of multiple offers on that home, that buyer feels the pressure to offer more than he otherwise would. When this continues to happen over and over again in transactions, prices just continue to rise.
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