Inventory of pricier homes in the Denver metro area surges

luxury4Inventory for upper tier homes – median price of $415,000 – in the Denver metro area increased 5.5% in May year-over-year. The inventory for for-sale homes in the middle tier, homes with a median price of $247,000, was down 4.5% year-over-year, while inventory in the metro area for the bottom tier homes dropped 1.0%. All-cash purchases of homes in metro Denver dropped to 22.4% in the first quarter from 27.7% in the first quarter of 2013.
Read article – Denver Post

Advertisements

About dherries
Dave and Sally Herries and The RealtyColorado Team - Real Estate Broker serving the metro-Denver area. Offering properties in urban, sub-urban and rural areas. Our mission statement is "Enriching lives through real estate."

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: