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Home sales slump is boosting inventory in Denver

Region’s housing market softening when it should be peaking

More homes and condos were listed for sale at the end of June than in any month since September 2013. The inventory surge came despite a big drop in new listings, and reflects fewer deals getting done as buyers and sellers alike wait for lower mortgage rates. (AP Photo/David Zalubowski)
More homes and condos were listed for sale at the end of June than in any month since September 2013. The inventory surge came despite a big drop in new listings, and reflects fewer deals getting done as buyers and sellers alike wait for lower mortgage rates. (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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The number of active listings for homes and condos in metro Denver surged last month, topping 10,200, a level not seen since the fall of 2013, according to a monthly update from the Denver Metro Association of Realtors.
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