June 2018 Denver Real Estate Statistics

The June 2018 Denver Real Estate Statistics show a steadying of the market. For three months in a row, and three of the historically best months for real estate, the median sale price for all homes within the greater Denver Metro area has remained the same, at $415,000. This is the first time in years that we have seen this kind of price stabilization. The stabilization might be due, in part, to the continued rise in interest rates. Interest rates in June dropped ever so slightly to 4.57% for average 30 year fixed rate mortgages. The number of new listings dropped slightly, but the number of homes increased slightly as well. The average number of days a listing stays on the market remained unchanged from to May 2018. Have we reached our maximum median sale price for 2018? There are only a few months left before the summer real estate market comes to an end.

June 2018 Denver Real Estate Statistics

Share Button