According to September statistics released by the National Association of REALTOR, the nation is still in a seller’s market, meaning we have less than six months of housing inventory available at the present sales rate. Looking at the Denver area market, the current rate of sales versus inventory indicates we have 2.6 months of inventory at the present rate of sales, well below the traditional definition of a neutral market of 6 months of available inventory. While rising interest rates have slowed the market, the market is a long way from stopping.
Novella Real Estate