Facing a slim inventory of existing homes for sale, Denver buyers are snapping up new homes at the fastest pace in the country, a rebound so strong that it has caught local builders off guard.
"During the initial stages of the pandemic in late March, especially when the stay-at-home orders were in place during all of April, no builder thought that demand would return the way that it did," said John Covert, regional director for Zonda, a real estate analytics firm. "Sales rebounded sharply through the summer and early fall to the point where many builders will not only exceed 2019 sales but will likely have their best year ever."
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