by Calculated Risk on 8/11/2021 09:13:00 AM
Note: I’m tracking data for many local markets around the U.S. I think it is especially important to watch inventory this year.
From the Colorado Association of REALTORS(R) for the entire state:
Closed sales for Single Family and Townhouse-Condo in July 2021 were 12,417, down 13.4% from 14,338 in July 2020.
Active Listings for Single Family and Townhouse-Condo in July 2021 were 11,126, down 49.3% from 21,959 in July 2020.
Months of Supply was 1.0 Months in July 2021, compared to 2.2 Months in July 2020.
Inventory in July was up 6.9% from last month, and up 27.3% from the record low in March 2021.