The August 2016 Real Estate Statistics show continued seasonally slowing. Confirming what we saw in July we are seeing a continued decline in the median sales price. Also continuing to decline is the number of new listings, down an additional 4% from July. This comes very close to the same number of new listings that we saw in August of 2015 (5,976). However, even though the number of new listings is about the same as it was a year ago, the median sales price of $347,500 is much higher than last year’s August median sales price of $311,750, (10% gain in sales prices from the previous year). With the average 30 year fixed-rate mortgage rate at it’s lowest since 2013 it’s a great time for buyers to jump into the market. The number of sales is up from last month, and higher than last August showing that buyers are taking advantage of the slight decrease in median sales price. These August 2016 real estate statistics show typical seasonal slowing in the real estate market here in Denver.