Recalibration underway: Unsold homes in metro Denver top 14,000 in June

Rising home inventory in Denver reshapes market expectations

Despite a real estate market where home inventory is growing and sales are lackluster, Denver home prices are still creeping up slightly — although the curve is flattening.

Recalibration underway: Unsold homes in metro Denver top 14,000 in June

Home sellers in metro Denver pulled back in June, but not enough to keep the inventory of unsold properties from crossing the 14,000 mark, according to a monthly update from the Denver Metro Association of Realtors. At the current pace of sales, the supply of unsold homes would last 3.6 months, marking the most sluggish resale market the region has seen since 2011. “Buyers and sellers who began the year operating on outdated assumptions – expect…