Nightmare on Metro Denver Streets, Existing Homes Sales Fall 2.2%

Denver Housing Market Horrors

They say that October is the scariest month of the year, and if we look at housing market data, they are right. Several housing data reports came out last week and point to a sickly market. Existing Home Sales Fall Sales of previously owned homes or existing home sales fell 2.2% month over month in September. Experts were forecasting a modest drop of 0.7%, so the actuals for September were much below expectations. In unit terms, the seasonally adjusted annual rate of 5.50 million for August fell to 5.35 million in September. Existing home sales increased for two straight months… Read moreNightmare on Metro Denver Streets, Existing Homes Sales Fall 2.2%