by Calculated Risk on 8/04/2022 01:13:00 PM
Thursday, August 04, 2022
Denver Real Estate in July: Sales Off 31.6% YoY, Inventory Up 81.5%
Today, in the Calculated Risk Real Estate Newsletter: Denver Real Estate in July: Sales Off 31.6% YoY, Inventory Up 81.5%
A brief excerpt:
Every month I track about 35 local housing markets in the US, and I usually post several markets at a time. But this is worth noting. Sales in Denver were off almost 32% year-over-year in July, compared to down 23.6% in June. This early reporting market suggests existing home sales will be even weaker in July than in June.There is much more in the article. You can subscribe at https://calculatedrisk.substack.com/
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From the DMAR: DMAR Real Estate Market Trends ReportThe data confirms that the Denver Metro area is no longer in a shifting market. Instead, it has shifted, and the real estate market is more balanced. …DMAR reports total residential active inventory (detached and attached) was 7,361 at the end of July, up 21.5% from 6,057 at the end of June, and up 81.5% year-over-year from 4,056 in July 2021.
Every indicator points to the market shifting closer to a buyer’s market ....