The inventory of residential properties for sale continues to go down again in October 2011 from the previous month. Active detached single family homes for sale went from 12,623 in September to 11,504 in October. This is a decrease of 8.79% in just one month's time. A year ago the number of detached single family homes for sale was 16,473. So year over year the decrease in the inventory is almost 34%. Sales for the year over year are up almost 9%.
The condominium and townhome homes for sale inventory in October 2011 was 2,652, down from 2,920 in September. That's a 9% decrease for the one month period and a 46% decrease year over year. Sales for year over year are up a whopping 24.73%!
*Based on information from Metrolist, Inc. for the Denver housing market for the period 10/1/11 to 10/31/11. This representation is based in whole or in part on content supplied by Metrolist, Inc.