Graphs tell a story, maybe not the whole story but they do reveal interesting trends. This one shows the four statuses of housing layers, inventory, new listings, under-contract and sold each month.
Inventory has been steady dropping. As of late we are selling more (under-contract) and closing more homes.
An overview of the three years shows a seasonal decline in all layers around the holidays. This has been a consistent pattern. I would bet we could show a 10 year graph and see the same pattern.
It would be interesting to compare this same information with other cities, outside of Colorado. I suspect some would not fair as well as Denver.