Metro Denver home inventory shortages persist as prices continue to grow

Active listings in metro Denver's housing market declined from August 2015 while prices continued their steep climb, according to the latest report from the Denver Metro Association of Realtors. Both median and average sales prices for homes, including both detached single-family homes and attached townhomes and condos, increased by about 11 percent year-over-year in August. The average price rose to $404,160, pulled up by an active luxury market, and the median price in the metro area increased…

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