In May 2023, the Denver metro area retained its dominant position in the real estate market among the top 15 metros, showcasing a notable upswing in the number of homes available for sale. The housing inventory reached an impressive count of 14,650 listings, marking a remarkable increase of 58.6% compared to the housing supply in May 2022. This surge in available homes provided prospective buyers with a wider range of choices and increased opportunities to find their desired properties.
Conversely, the housing market in Seattle metro area followed a distinct path during the same period. It encountered a noticeable decline in inventory for single-family homes, experiencing a significant drop of 26.2% in May 2023 compared to the corresponding month in the last year. Seattle faced a more challenging situation, with fewer homes to choose from and potentially increased competition among buyers.
Learn more about the metrics in PropMix Market Insights.
