DENVER — The Mile High City continues to have one of the most competitive housing markets in the country with some of the lowest housing inventory.
According to the latest real estate market report from RE/MAX, Denver had about 4,200 active home listings in February. That amounts to about a month's worth of inventory, tying with Seattle for the smallest supply of available homes. San Francisco was close behind at 1.1 months' worth of supply.
As inventory dwindles, prices continue to rise - the median home price hit $399,000 last month, according to RE/MAX.
For comparison, the Denver Metro Association of Realtors put the median home price at $400,000 last month and the number of active listings at nearly 4,100.