Denver Area Housing Inventory Up Year Over Year
Prices Remain Strong
According to REcolorado, Colorado’s largest MLS and the provider of the re-designed REcolorado.com, the housing market in the Denver metro and surrounding area continued to experience typical fourth quarter softening. Inventory levels remained up as compared to last year, with average sales prices remaining steady.
November ended with 6,954 active listings on the market, a seasonal month-over-month decrease; however, a welcome six percent increase as compared to last year. As expected, sellers brought new listings to the market at a slower pace in November. During the month, 3,686 new listings came on the market, 15 percent higher than November 2014.
Months of Inventory…