October 2018 Denver Real Estate Statistics

The October 2018 Denver Real Estate Statistics show a continued seasonal slow down. A large .2% rise in interest rates from September also may be contributing to a slower paced market. However, even with the average days on market increasing to nearly a month, October saw a rise in the number of homes sold. This tells us that even if buyers are taking more time to choose a home, the demand is there. Home prices are dropping slightly which is typical for this time of year, but could also be a reflection of the influence of the now average interest rate of 4.83%, the highest interest rates we’ve seen in seven years.

October 2018 Denver Real Estate Statistics

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