Home sales and new listings fell in October in metro Denver, an ongoing sign that slower activity may be a feature, not a phase, according to a monthly update from the Denver Metro Association of Realtors .

Buyers purchased 3,354 homes and condos last month, which is down nearly 7% from September’s pace and 7.7% year-ago levels. New listings fell to 4,483, which represents a 9.7% decline month-over-month and a 4.6% decline from a year earlier. Because new listings fell faster than new sales, the inventory of listings available for sale at the end of the month declined 4.4% to 12,495.

“The Denver market has, in many ways, hit its reset button,” Amanda Snitker, chairwoman of the DMAR Market Trends Committee and a local Realtor, said in comments accompanying the report. “We’re not witness

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