A Look at January 2016 Real Estate Statistics in Denver

The January 2016 Real Estate Statistics show a 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. Winter weather that brought lots of snow to the Denver metro area may have kept homes on the market for slightly longer than we saw in December but this will likely change as we head into spring. With a decreased 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 3.87% but are expected to rise throughout 2016.  These January 2016 real estate statistics show a large increase in the listing price per square feet which could mean that real estate professionals are anticipating another busy spring with homes in high demand here in Denver.