x
Breaking News
More () »

Inventory of homes for sale increases in Denver

The Denver-area housing market saw a 10.86% increase in inventory in September compared to the previous month.

DENVER — The Denver-area housing market saw a relative slowdown for inventory in July and August, but the end of September saw a 10.86% increase in inventory compared to the previous month, according to the October Denver Metro Real Estate Market Trends Report from the Denver Metro Association of Realtors. The report led DMAR experts to call this a good time to buy.

The October report showcases the September market transactions encompassing 11 counties of the Denver metro area.

In August, a relatively low number of houses hit the market, which was reflected in the number of closed properties in September: 5,233 homes, which is 12.81% lower than the same time period the month prior. It’s also a “staggering” 19.27% lower than last year at this time, wrote Andrew Abrams, chair of the DMAR Market Trends Committee, in the commentary accompanying the report.

“With lower inventory and fewer houses for sale, the balance of supply and demand stayed steady, leading to another month of competition for buyers,” Abrams wrote.

Read more at the Denver Business Journal.

RELATED: Denver's hot housing market signals return to normalcy

RELATED: Denver's hot housing market is cooling down, at least for now

> Top stories curated daily just for you! Sign up for the 9NEWSLETTER to get can’t-miss stories, Next and Broncos content, weather and more delivered right to your inbox.

SUGGESTED VIDEOS: It Takes A Village

MORE WAYS TO GET 9NEWS

Subscribe to our daily 9NEWSLETTER

Download the 9NEWS APP
iTunes: http://on9news.tv/itunes
Google Play: http://on9news.tv/1lWnC5n 

HOW TO ADD THE 9NEWS APP TO YOUR STREAMING DEVICE

ROKU: add the channel from the ROKU store or by searching for KUSA.

For both Apple TV and Fire TV, search for "9news" to find the free app to add to your account. Another option for Fire TV is to have the app delivered directly to your Fire TV through Amazon.

Before You Leave, Check This Out