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Metro Denver home sales continue to slow under weight of higher interest rates

Sales down nearly 12% in October compared to September, and nearly 16% year over year; despite softer market, prices continue to rise

Home sales in metro Denver continued to fall in October under the weight of higher mortgage rates. But deals were still getting done and prices are continuing to rise. (AP Photo/David Zalubowski)
Home sales in metro Denver continued to fall in October under the weight of higher mortgage rates. But deals were still getting done and prices are continuing to rise. (AP Photo/David Zalubowski)
DENVER, CO - NOVEMBER 8:  Aldo Svaldi - Staff portraits at the Denver Post studio.  (Photo by Eric Lutzens/The Denver Post)
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Home sales in metro Denver fell last month as mortgage rates on 30-year loans approached 8% last month, but the market found ways to keep on breathing, according to a monthly update from the Denver Metro Association of Realtors.
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