The latest data from Metrolist, which powersREcolorado.com, a free resource for Colorado home buyers, sellers and owners, announced today that the month-to-month inventory levels in the Denver metro area increased at the same rate of homes sold, indicating a stable, orderly and strong local housing market.
More than 6,000 homes closed in July, which equated to a 10 percent increase month-over-month, and a significant 32 percent increase from July 2012. The increase in sales velocity signifies a healthy demand for Denver-area homes.
The sales velocity was matched by a 9 percent increase in available listings, but there are still 7 percent fewer homes on the market than there were at this time last year. The increasing inventory levels will continue to provide buyers with more and varied opportunities.
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