Metro Denver swung sharply toward a buyer’s market this summer and will likely become more entrenched in that direction as activity slows in the months ahead, according to two leading real estate firms.

“Denver went from one of the hottest markets to one of the more challenged markets. Over the summer, sellers weren’t getting the traction they were hoping for,” said Jeannie Tobin, director of market analytics at Homes.com , a leading real estate portal.

Because of the rapid increase in supply this spring and summer, Homes.com officially declared metro Denver a “buyer’s market.”

Tobin, who covers Colorado, Utah and New Mexico, said the number of available residential listings in metro Denver reached a 14-year high in July and the inventory remains elevated at levels last seen coming ou

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