DENVER - The Denver metro real estate market is off to a good start in 2014.

The January Metrolist report shows that average Denver Metro home prices remained steady in January.

The average sold price for new and existing homes in January -$302,251 - was down 3 percent compared to December but up 10 percent year-over-year.

January saw a slight increase in the number of homes for sale, with active listings increasing 5 percent month-over-month and 7 percent year over year, but available inventory remains tight.

Among properties sold in January, the average listing spent just 61 days on the market, a 22 percent decrease year over year.

The number of homes sold in January increased 3 percent, from 3,229 to 3,342.

Chris Mygatt is the president of Coldwell Banker Residential Brokerage, and he says the tight inventory trend is going to continue for a while.

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