A Look at February 2016 Real Estate Statistics in Denver

The February 2016 Real Estate Statistics show a continued strong start to the 2016 Denver real estate market. Median sales prices are up as well as the number of new listings available to potential buyers. Compared to last year’s statistics, even though the number of new listings and sold homes is relatively similar, there is a noticeable jump in the median sales price from $293,500 in 2015, to $325,000 this year. With a continued low inventory and many buyers still on the search for a new home, the market remains competitive. Average 30 year fixed-rate mortgage rates decreased slightly to 3.66% but are expected to rise throughout 2016.  These February 2016 real estate statistics show a slight jump in the number of new listings and new homes since January which could mean that we can anticipate another busy spring with homes in high demand here in Denver.