The August 2017 Denver Real Estate Statistics show the late summer market slowly winding down. Much like what we saw last month, August 2017 showed a drop in the median sales price, an increase in the number of days on the market, and less new listings. However, unlike July 2017, in August we saw a slight increase in the number of homes sold. Comparing these numbers to August 2016, we see a similar seasonal trend, with the exception of the median sales price. Compared to this same time last year, the median sales price has risen by nearly $27,000. Average thirty-year mortgage rates dropped again slightly to a low 3.88%. If these trends continue as expected we should see similar seasonal slowing continue through the Fall.