'The rest of the country is experiencing increased inventory, but I can definitely say that our numbers are significantly high.”
"The rest of the country is experiencing increased inventory, but I can definitely say that our numbers are significantly high.”
According to DMAR data, Denver had 2.78 months of inventory at the end of June. Months of inventory, sometimes called absorption rate, measure how long it would take for every available home to sell if there were no new listings. Since financial regulations were established in light of the 2008 financial crisis, distressed sales have only represented less than half a percent of the sales in a given month. Because of that shift, the bar for a balanced market is lower.
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