Denver Active Home Listings Fall 21.1% as Relisted Properties Rank Fifth at 2.7%
Updated
Updated · The Colorado Sun · Jul 16
Denver Active Home Listings Fall 21.1% as Relisted Properties Rank Fifth at 2.7%
2 articles · Updated · The Colorado Sun · Jul 16
Summary
About 3,000 fewer single-family homes were listed in metro Denver in June than a year earlier, leaving active inventory down 21.1% even as the spring selling season ramped up.
Demand has not followed: year-to-date sales were up just 0.2%, June's median price rose 1.6% to $650,000, and homes took an average 39 days to sell.
Redfin said 2.7% of Denver listings were relisted in June—the fifth-highest share nationally—after sellers pulled homes and returned them to market, often because prices missed what buyers could afford.
Pricing pressure remains broad, with 45% of Denver sellers cutting asking prices in April, reinforcing agents' view that the market favors buyers despite tighter supply.
The pullback is concentrated in Denver-area counties, while places such as El Paso County have seen smaller inventory declines and more sales after sharper price cuts.