Denver Home Prices and Sales Volume Surge

Denver-area single-family home sales in July reached 6,104, a 32% increase year-over-year and a 10% jump month-over-month. Although summer usually has more home sales than any other season, the magnitude of the yearly increase is noteworthy. Denver’s housing inventory in July grew to 10,025, a 9% rise from June and the fourth straight monthly increase. The inventory level remains 7% below where it stood in July 2012.

Meanwhile, according to the S&P/Case-Shiller Home Price Index, homes sold for $315,150 on average in July, a 9% year-over-year increase.

Read the full article at Denver Business Journal