A report from the Denver Post in Colorado. "Home sales in the metro Denver area fell precipitously in September, forcing sellers to cut their asking prices and pushing up the inventory of properties available for sale at an unprecedented rate, according to a monthly update from the Denver Metro Association of Realtors."

"'The housing inventory and home price adjustments are normal and expected,' said Steve Danyliw, chairman of the DMAR Market Trends Committee. 'What’s not normal? Sales of single-family homes priced over $500,000 dropping 33 percent from August to September. For those sellers, that’s real turbulence.'"

"Metro Denver’s housing market has shown signs of cooling since early summer. But it practically froze over in September, and that meant sellers faced a bumpy ride, especially owners of more expensive properties."

"The number of single-family homes sold in September, across all price ranges, dropped 30.5 percent from August and is down 21.4 percent compared to September 2017. Condo sales fell a dramatic 42.9 percent on the month and are down 17.3 percent year-over-year. The inventory of homes and condos available for sale at the end of September shot up to 8,807, an increase of 7.04 percent from August and 16.1 percent compared to a year ago."

From the Gazette. "Colorado Springs’ red-hot housing market wasn’t quite so crazy last month, as home sales slowed, inventory rose to a two-year high and prices increased, a Pikes Peak Association of Realtors report shows. The single-family home market is 'just stabilizing a little bit — not so frenzied,' said Donna Major, board chairwoman for the Realtors Association."

"Home sales totaled 1,273 last month, a nearly 16 percent year-over-year drop and the seventh straight monthly decline. Major said multiple offers for homes aren’t quite as common as they were early in the year. The number of homes listed for sale climbed to 2,449 in September, 14.2 percent higher than the same month last year and the most since August 2016."

"'It has that feel of, we’re not in that desperate situation,' Major added Tuesday. 'People are starting to be a little more cautious, and buyers are starting to be ... a little more, maybe, a little more picky about what they’re buying and trying not to overpay or feel like they’re overpaying.'"