Interest Rates Continue to Climb
The biggest news is the continued rise in 30-year fixed mortgage rates. In March we saw this number climb to 4.4% which is the highest it has been since 2013 and so far April has seen a continued rise. This is putting pressure on buyers who want to find a home before rates rise over 5%. This can be frustrating in a market already jam packed with competition. The other big news is that for the first time in history, median home sales prices for attached and detached homes in our greater five county area has hit $400,000. These March 2018 Denver Real Estate Statistics also show a big jump in the number of new listings and sold homes, signs that the spring real estate season is in full swing.