A Look at November 2015 Real Estate Statistics in Denver

The November 2015 Real Estate Statistics show a large drop in the number of sales and new listings, as is common for this time of year. With a decreased inventory and many buyers still on the search for a new home, the market remains competitive. The median sales price increased slightly over last month to $310,00. Average 30 year fixed-rate mortgage rates increased slightly to 3.94%. Despite small changes month to month, interest rates have remained steady around 4% for the last few years. However, rumors are that we should see a more significant increase in 2016. These November 2015 real estate statistics show a decrease in properties for sale and as a result a smaller number of sold homes. However, demand remains high for homes in the Denver Metro area as homes, on average, remain on the market for less than a month.