Slower but still steady
The October 2017 Denver Real Estate Statistics show signs of a slow, but steady, slowing in the market. The number of homes sold and the number of new listings is slightly lower than October 2016 and October 2015. However the median sales price for the five county Denver Metro area is $30,000 higher than October of last year. Even though sales and new listings have slowed down slightly, this doesn’t seem to have much effect on the average number of days that a listing stays active on the market. Prices keep climbing and demand remains strong. Average mortgage rates climbed back up to 3.9% hovering right around 4% as they have all year.