Seasonal Slowing

The November 2017 Denver Real Estate Statistics show signs of a continued slowing of the Denver real estate market. The number of new listings was down 23% from last month and even fewer homes sold in November compared to October. The slowdown appears to be caused by normal seasonal slowing, and we should anticipate a slow December as well. The price per square foot continues its upward trend, but November showed a slight decrease in median sales price compared to October. Demand remains strong making it a great time for current homeowners to contemplate selling. Despite a few listings to choose from, buyers benefit from the average mortgage rates hovering right below 4%.