Denver Homes: Sales and Prices Up, Inventory Down

New month, same story for Denver homes. The numbers from Metrolist in June continue to support what we have been documenting here for months. The market is moving very quickly and prices are rising.

As agents, our biggest problem is with the lack of inventory for our buyers. The current levels of available homes for Denver homes, and even are at historic lows (10,925 homes on the market in June). This incredibly low inventory is forcing buyers into bidding wars, and if they lose the bidding, there may not be any suitable alternative for their price range and area.

From the Denver Business Journal:

Inventory levels continue to remain at historically low levels, with 10,925 homes on the market in June