Denver home sales were up 22% in May according to Metrolist Inc. The report showed a total of 5,665 single family homes and condominiums sold in May, up 20% from April and a 22% increase from the 4,625 sold in May 2012. Denver home resale continued to show strong numbers with a large increase in sales and more homes hitting the market. The inventory of homes for sale has been historically low for months, but in May, 8,214 more listings were added to the market which represented an 18% increase compared to April but still 22% lower than in May of 2012. The average Denver home sale price remained unchanged month-over-month at $308,537 but increased 9% from May 2012’s $284,059. Average days on the other hand continued to drop with a 14% decrease from April to May and down 38% from May 2012 to 48 days on the market. The luxury segment also saw an improvement with 59 Denver luxury homes sold in May which was an increase from 55 Denver luxury homes sold in May 2012. The average days on the market also dropped 15.8% to 213 days with an average sale price of $1,460 million.  Year to date, 241 Denver luxury homes have sold which is a 44% increase compared to last year and a total dollar volume of $365.65 million, up 43% year over year.