This is Elliot’s work from last nights blog post. His market impression is almost 100% in sync with our Denver Market Watch. Enjoy!

#HotHouses

While house prices declined from $410,200 in 6/23 to $406,700 in 7/23, don’t be fooled, that’s the highest July price ever and is up from $403,800 in 7/22. Similarly, while inventory ticked up from 1.08 months in 6/23 to 1.11 months in 7/23, it’s again the lowest July level ever and well below the 1.31 months of supply in 7/22. After accounting for seasonality, the housing market is profoundly tight.
 
Econ70 – Home of GraphsandLaughs
http://www.econ70.com
Elliot F. Eisenberg, Ph.D.
elliot@graphsandlaughs.net
(202) 306 2731

You should be following Elliot’s work…tc