July 3rd, 2019 by Ben Jones
A report from the Denver Post in Colorado. “Listings continued to flow into metro Denver’s housing market last month, according to the Denver Metro Association of Realtors. Despite lower borrowing costs, buyers fell short when it came to absorbing the new inventory, even for the most affordable tier of homes, which usually see rock-solid demand.”
“Buyers purchased 5,234 homes and condos in metro Denver last month, a decline of 14.31 percent from May and 14.34 percent from June of last year, according to the DMAR counts. What has been the strongest segments of the market for demand, homes and condos priced below $500,000, experienced a 13.5 percent monthly drop in sales.”
“The number of homes and condos available for sale in metro Denver at the end of June was 9,520, an increase of 7.1 percent from May and up 28 percent from June 2018. Metro Denver hasn’t had so many homes available for sale since October 2013, noted Jill Schafer, head of DMAR’s market trends committee.”
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Peter Janisch specializes in short sales in Short Sale Realtor. I am your Short Sale Realtor Short Sale Specialist Realtor and Short Sale Realtor loan modification and distressed property expert. This article and content is for general informational purposes and may not be accurate. This should not be taken as legal advice, technical or tax advice under any circumstance. Seek legal advise and representation in all legal matters.