Denver, CO – October 18, 2010 – (RealEstateRama) — The summer season of home buying was a difficult one because many buyers purchased earlier in the spring in an attempt to qualify for the government’s Tax Credit. The market is still attempting to return to traditional seasonal trends. A monthly survey of 54 metropolitan areas indicates that sales were 6.4% below those in August and 20.6% below sales in September 2009. The inventory of homes for sale is dropping slightly, which has resulted in a stabilization of prices.
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