Denver Homes for Sale Inventory is Rising
What you see is typical for July and August ever year. The peak of the spring listings and closings end over the fourth of July. The very right side of the blue graph is a steady and slow increase in months of inventory. The red line shows the number of homes for sale each day. That number has increased by 10% since about the fourth of July. What does this mean to buyers and sellers? The market is levelling some but still a very strong sellers market. That means not every crazy listing will sell and some buyers will be able to negotiate with homes that have lasted 30 days on the market. The picture is not the best quality. Click it for a link to the actual chart and data in a google doc and chart.
Today, Denver Homes for Sale Inventory is Rising , however, I can promise it will change.
I personally update this chart every day. Well, ok I miss a day or two, but you get the idea. Its a daily snapshot. The link will always point to the freshest data. Please come back and comment. Happy to answer any other questions you may have.