Denver Area Housing Prices Rise in October
Inventory levels up compared to last year
The housing market in the Denver metro and surrounding area remained active despite seasonal softening. Inventory levels remain stable, thanks to a steady stream of new listings coming on the market. After several months of decreases, average sales price increased in October.
With 8,563 active listings on the market, October’s inventory of available homes for sale was down five percent month over month but, was seven percent higher than this time last year. Inventory levels held steady thanks to sellers bringing 5,830 new listings to the market, eight percent less than last month, but 18 percent more than October 2014.
Months of Inventory remained at two months…