Zillow Denver, CO is still showing a large amount of inventory for sale in Denver, CO. Well over 4,300 units listed. The Denver MLS is showing about half that in the actual Denver city that are active listings. It is normal for Zillow to misrepresent data to help manipulate search results and have more properties to have buyers click on to contact agents. So moving further we will not use data obtained from Zillow. The data for this article will come directly from the Denver MLS.
The real estate market in the U.S. could enter a down turn in under five years, with one of the largest online real estate company Zillow predicting that it will happen in 2020. This seems like an odd statement coming from a company that has just started it’s real estate acquisition phase. It may be a little self serving to have the market correct itself so Zillow can come in and purchase at a lower than actual value.