Metro Denver home inventory up in June, but prices climbed faster

Market Trend

Metro Denver home inventory up in June, but prices climbed faster

Active home listings in metro Denver increased by 9.7 percent year-over-year in June, but average home prices increased at a faster clip, jumping 12.2 percent, according to a report Wednesday from the Denver Metro Association of Realtors.

Including both detached single-family houses and attached homes such as condominiums, the average price of a home in metro Denver reached $421,226 in June, up from $375,331 in the same month last year. While the price increase is dramatic, there could be relief for buyers in sight, according to DMAR.