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Unformatted text preview: 11.2 c 2012 Total
41.8 a Revised. b Estimated. c Forecast. Note: Due to rounding, the sum of the sectors may not equal
Sources: Colorado Department of Labor and Employment and
Colorado Business Economic Outlook Committee. by buyers who are potentially deferring purchases
until they are more confident, and due to limited
credit availability for buyers.
The NAR reported an 18.6% increase in existing home sales between July and August 2011 for
the West region of the nation compared to more
modest gains of between 3% and 6% in other
regions. Statewide existing home sales, including singlefamily homes and condominiums, were 11.2%
weaker in Q2 2011 compared to 2010. Colorado
ranked 14th in year-over-year growth, and only six
states reported positive year-over-year increases in
sales. Sales in Q2 were 0.9% higher than Q1 sales.
Metrolist data for the Denver area show year-overyear sales were up 13% in September 2011. Singlefamily inventory levels for existing homes were...
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