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“It’s basically déjà vu at the beginning of every single month.” While housing inventory typically declines around the holidays, this year hit a record low. November ended with 3,415 active listings, down approximately 29 percent from October’s 4,821 homes —the previous record—and down

While housing inventory typically declines around the holidays, this year hit a record low. November ended with 3,415 active listings, down approximately 29 percent from October’s 4,821 homes—the previous record—and down a whopping 51 percent year-over-year. If no new houses come on the market, inventory would be sold out in two weeks, according to the Denver Metro Association of Realtors (DMAR) Market Trends Report.

“It’s basically déjà vu at the beginning of every single month,” says Andrew Abrams, chair of DMAR’s Market Trends Committee. “The lack of inventory has continued to go down. [In September], it was the hardest time [to buy a home]. And since then, it’s gotten a little bit harder.”

Inventory levels aren’t expected to increase anytime soon either. Since 2008, active inventory has dwindled from November to December, Abrams says. He anticipates historically low inventory to carry into the first of the year.

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