AgentBrokerage

Daily market update: Sept. 4, 2015

Our daily summary of market news, updated regularly with new tidbits

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

September Denver Metro Real Estate Market Trends Report Available homes for sale in Denver was reported at 7,587 at the end of August, a 1.6 percent increase in inventory month-over-month. 6,416 new listings came on the market in August, while 5,383 homes were placed under contract and 5,088 homes closed. Sold listings decreased 15 percent and total sales volume dropped 15 percent to $1.86 billion from July. // Northwest Multiple Listing Service housing activity in August: Pending sales outpaced the number of new listings added to inventory for the fifth month this year with a reported 10,603 mutually accepted transactions and 9,921 new listings. Total inventory dipped at the end of August with 20,749 total active listings in the MLS database, which is a slight drop from 21,069 in July and a 23.3 percent decline from a year ago. When considering supply, or months of inventory, August saw a slight uptick over July from 2.24 months to 2.38 months of inventor...