Denver Homes for sale decline

The number of homes for sale in Denver is down 4 percent since last month, and 20 percent since august of last year. Mike Cox of Remax says "the gap between inventory levels and the amount of product being sold is not widening. it's closing, which is showing signs of recovery." Even the price of a single family home is down nearly 2 percent since last month, and 12 and a half percent since last year. It may be time for both sellers and buyers to take a deep breath and believe the market is improving. 

Posted in Headlines, Real Estate Market Conditions

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