Denver Real Estate Update:
Foreclosure filings at 2-year low in Colorado urban areas. Initial foreclosure filings and final foreclosure sales in Colorado's 12 biggest counties fell for the sixth consecutive month, the state Division of housing reported yesterday. Read it in the Denver Business Journal
Metro Denver home sales up 9% in May from April Read it in the Denver Post
Renters will be the next victims of housing market - Renters are now facing their downside of the real estate market's correction. Metro Denver has a very low vacancy rate bringing with it a Landlord's market. More about this on MSNBC.
Single Family average prices, $257,177 for 5-2011 have increased 3% over month and 4% year over year.
The inventory of unsold homes is at 19,573 units, which is down 11% from last year.
Source: Metrolist, Inc. the above representation may or may not reflect all real estate activity in the market.