According to REcolorado, Colorado’s largest MLS,the housing market in the Denver metro area experienced higher inventory levels over November 2014, with a 6% increase. However the market is still 21% lower than November 2013.
November ended with 6,954 active listings on the market, 5,651 of which were single family homes and 1,303 attached properties. Sellers contributed 3,686 new listings came on the market, 15% higher than November 2014.
Months of inventory in the market was slightly over two months in November. This is the highest level of inventory in Denver so far in 2015, but still under than the national average. A two month availability of supply indicates that we are still in a sellers market.
The increase of home prices did…