Metro Denver Home Inventory Increases In June

Metro Denver Home Inventory Increases In June

Image title


That’s right, you read the headline correctly! After months of dwindling inventory in the area, the Denver Post recently reported that new home listings increased in June throughout metro Denver, though the pace of sales slowed a bit, which did help boost the number of properties available on the market.


Last week’s report from the Denver Metro Association of Realtors (DMAR) indicated there were 6,796 homes and condos available for sale at the end of June, which was 24.4 percent more than active listings at the end of May. Anthony Rael, chairman of DMAR Market Trends Committee said they are beginning to see signs of a much needed market correction and a market plateau may be on the horizon.


June, July and August are the months when home inventories are most likely to hit a peak. Still - in Denver -  the number of active listings is under half the historical average, which means buyers still face a limited selection.


However, the 24.4 percent jump was still very significant. Since 2005, the typical increase between the inventory in May and June has averaged closer to just 4.4 percent.


The DMAR analysis also reported that June saw 7,615 new listings come on the market, 12.2 percent more than in May. Buyers closed on 5,324 homes and condos during the month, a 2.9 percent increase from May, but a 13.1 percent decrease from June 2015.


Andy Potarf Headshot
Author:
Phone: 720-244-1070
Dated: July 11th 2016
Views: 321
About Andy: Andy Potarf is a native of Denver and a graduate of Colorado State University. He works with fir...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Hot Neighborhood Alert Athmar Park - It’s been coined as one of the
Home Sales Slow But Prices Continue To Rise - According to a recent report from
Neighborhood Spotlight Morrison - Nestled in the foothills, just a
How Much Home Can You Afford To Buy - Rental prices are consistently

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Metrowest Real Estate Services
1120 W. 122nd Ave., Suite 300,
Westminster, CO
720-466-7078
303-484-5054