Wednesday, March 7, 2012

Denver home inventory down 33 percent

The single-family and condo inventory in the Denver area declined 33.1 from early March 2011 to the same period this year. According to new data released Monday by, the total inventory declined from 21,909 to 13,965 year over year, but was up 1 percent, month over month, reflecting seasonal changes.

The median asking price in the Denver area, from March 2011 to March 2012, was up 14.5 percent, and it was up 3.6 percent, month over month. The median asking price increased from $248,225 to $285,000 year over year.

At the the national metro aggregate level, the single-family and condo inventory declined 20.5 percent, year over year, while the median asking price rose 3.9 percent from $217,800 to $224,300. both inventory and the median asking price rose 1.,7 percent, year over year, reflecting seasonal changes.

Note: The median asking price tends to be significantly higher than the median selling price. For median selling prices, see here.

Denver-area housing inventory: