While the appreciation in home pricing has moderated some, the low inventory still remains an issue. The Denver Business Journal reported that in December there were only 3,854 total listings, a reocrd low in the Metro area. The Average home sold reached $434,087, a record high. 57,788 total homes closed in 2017, beating 2016 record by 2.39% A total of $25 billion was the closing volume for 2017. While we hope that a range of more affordable housing optins will start hitting the market in 2018-19, the relief won’t come instantly. It takes time to build with construction labor shortages still a constant theme.