Denver Real Estate in July: Sales Off 31.6% YoY, Inventory Up 81.5%

"Market shifting closer to a buyer’s market"

Every month I track about 35 local housing markets in the US, and I usually post several markets at a time. But this is worth noting. Sales in Denver were off almost 32% year-over-year in July, compared to down 23.6% in June. This early reporting market suggests existing home sales will be even weaker in July than in June.

Today, the Denver Metro Assoc…