Note: Remember sales were weak in April and May 2020 due to the pandemic, so the YoY comparison is easy. I’m tracking data for many local markets around the U.S. I think it is especially important to watch inventory this year.
From the Colorado Association of REALTORS® for the entire state:
Closed sales for Single Family and Townhouse-Condo in May 2021 were 11,128, up 58.3% from 7,029 in May 2020.
Active Listings for Single Family and Townhouse-Condo in May 2021 were 7,034, down 69.4% from 23,060 in May 2020.
Inventory in May was down 10.6% from last month.
Months of Supply was 0.6 Months in May 2021, compared to 2.5 Months in May 2020.