Is This Turkey Cooked Yet? Sold Homes in Denver Metro Area Tumbled 17% Month Over Month In November

The Denver Metro Association of Realtor stats are out for November and they have some mixed signals, but signs continue to point to a gradual bursting of the real estate bubble in the metro area. Housing inventory is down again almost 12% to 7,530. However, if we look at the year over year inventory statistics, inventory is up 47% which is a good sign for buyers as inventory levels in the second half of year are up. Sold homes were crushed down almost 17% month over month and almost 23% year over year. Sellers in the future will have to… Read moreIs This Turkey Cooked Yet? Sold Homes in Denver Metro Area Tumbled 17% Month Over Month In November