Home Real Estate From summer heat to autumn chill, metro Denver housing market continues to...

From summer heat to autumn chill, metro Denver housing market continues to cool down – The Denver Post

2

Both home sales and active listings in metro Denver dropped in October, with the housing market running much cooler than this time last year, according to the Denver Metro Real Estate Market Trends Report from the Denver Metro Association of Realtors.

Sales of single-family homes and condos fell 8.3% to 5,169 between September and October and they are down by a fifth from October 2020. But that slower pace of closings didn’t translate into a higher supply of unsold homes lingering on the market. The inventory of 3,376 homes and condos at the end of last month represents a 15% decline from September and a 30% decline from October 2020.

It is common for the number of active residential listings in metro Denver to drop between September and October as activity slows. Since 1985, that monthly drop has averaged around 5.8%. October’s inventory decline of 15% marks the second largest on record after a 16.8% decrease in October 2017, according to the…

Click here for full article…www.denverpost.com