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Metro Denver home sales and new listings way down entering the second half of 2023

But real estate prices are recovering and inventory is up

DENVER, CO - JUNE 12: The front entrance to one of seven almost completed homes contructed by redT Homes at 1121 S Dahlia on June 12, 2023 in Denver, Colorado. redT Homes hosted an unveiling ceremony for the newly built homes that the company describes as the first USGBC LEED Zero neighborhood in the country. They built seven homes all of equal size and shape with just over 1700 sq ft, 4 bedrooms and 3 baths. The homes are LEED platinum with the ability to be LEED zero which the company says Òbenefits your health, wallet and the planet by providing a healthier indoor environment, reducing energy costs through efficient design and systems, and minimizing its environmental footprint through sustainable materials and practices.Ó LEED stands for Leadership in Energy and Environmental Design. It is a rating system that expresses how efficiently a building is designed and operated. These homes offer substantiallly more insulation than most homes for efficient heating and cooling of the homes; they use no gas; they will all have solar panels on the roof of the house and the garage and they are built with low VOC (volatile organic compound) materials which means they emit fewer harmful chemicals into the air. This helps improve indoor air quality and creates a healthier living environment. (Photo by Helen H. Richardson/The Denver Post)
DENVER, CO – JUNE 12: The front entrance to one of seven almost completed homes contructed by redT Homes at 1121 S Dahlia on June 12, 2023 in Denver, Colorado. redT Homes hosted an unveiling ceremony for the newly built homes that the company describes as the first USGBC LEED Zero neighborhood in the country. They built seven homes all of equal size and shape with just over 1700 sq ft, 4 bedrooms and 3 baths. The homes are LEED platinum with the ability to be LEED zero which the company says Òbenefits your health, wallet and the planet by providing a healthier indoor environment, reducing energy costs through efficient design and systems, and minimizing its environmental footprint through sustainable materials and practices.Ó LEED stands for Leadership in Energy and Environmental Design. It is a rating system that expresses how efficiently a building is designed and operated. These homes offer substantiallly more insulation than most homes for efficient heating and cooling of the homes; they use no gas; they will all have solar panels on the roof of the house and the garage and they are built with low VOC (volatile organic compound) materials which means they emit fewer harmful chemicals into the air. This helps improve indoor air quality and creates a healthier living environment. (Photo by Helen H. Richardson/The Denver Post)
DENVER, CO - NOVEMBER 8:  Aldo Svaldi - Staff portraits at the Denver Post studio.  (Photo by Eric Lutzens/The Denver Post)
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Home and condo sales are down by about a quarter in June compared to where they were the same month a year ago.
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