An article from The Denver Post, reports that many lower-end homes are receiving multiple offers and selling above the asking price. Housing data released earlier this month, indicated 5.7 months of inventory, which is considered a normal market. However, upper-end homes are skewing this number. For $1 million-plus homes, inventory levels have reached 31 months, while there's only 2.7 months of inventory for home priced under $100,000.
http://www.denverpost.com/business/ci_10771000
http://www.denverpost.com/business/ci_10771000
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