Average home prices in metro Denver increased 8.31 percent year-over-year in November to $443,848, according to new data from Denver Metro Association of Realtors.

That figure includes single family homes and condos. Single family homes alone averaged a $479,192 sale price.

November set a record-low inventory with 5,131 active listings, according to Steve Danyliw, chairman of the DMAR Market Trends Committee.

“History tells us that inventory will continue to decrease until sometime around February,” Danyliw said. “We may be looking at more record lows.”

Read more at the Denver Business Journal: http://bit.ly/2iVcdcZ