Zillow’s Effects on Colorado Market Slight, But Appreciated

Since Zillow Offers, the internet giant’s direct buying service, has left the Denver real estate market, home buyers and sellers don’t have much reason to celebrate. Home inventory, no matter who the player is, is low. “Any added inventory and new listings in the market would be greatly appreciated and good to have,” Andrew Abrams from DMAR said. CAR spokesman Matthew Leprino agrees. Since Zillow Offers often worked with homebuyers and sellers behind the scenes, “…without entering MLS, it’s hard to know the breadth of what they’re doing (with inventory),” Leprino said. “It’s a little bit of a Wild, Wild West because iBuyers are so new.”

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