OCTOBER 2016 Denver Real Estate Market Update

In October, sellers brought fewer new listings of homes for sale to the market, which contributed to a decrease in inventory levels across both the single family detached and condo/townhome markets. During the month 5,271 new listings came on the market, 19 percent less than last month and 9 percent lower than last year. As a result, the month ended with 8,008 active homes for sale. At the end of October, inventory levels were 12 percent lower than last month and six percent lower than last year.  From 1985 to 2015, average active listings for October was 16,615. For comparison, the record high October was 2006 with 29,722 listings.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s