Prices move slowly in Denver, Colorado, as a market corrects to an oversupply of homes on the market.
Depending on the price range, there is between a 4 and 6 month supply of homes for sale -- with the largest amount of inventory in the higher price ranges.
Experts report it to be a buyers market at this time -- with buyers able to purchase for just 93 percent of list prices. According to recent figures, average condo prices dropped 5.26 percent in August, with days on market at 102.
Single family homes are seeing a median prices of $288,944 -- up slightly from July. Days on market is 98.
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Published: September 24, 2007
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