A Look Back At The Denver Market in 2016

The Denver Metro Real Estate Statistics 2016 show a slight slowing in the market over 2015. Home values were on the rise as reflected in the median sales price of $345,000, but listings were fewer and the average number of days on the market rose by 4.2% from 2015. Interest rates remained low, and demand remained steady for residential single family homes and condos in the Denver Metro area. A continued rise in interest rates is expected in 2017, but with inventory still much lower than the demand as shown by the 100.2% list price to sales price ratio, it should be another busy year for real estate in the Denver Metro area.