The July 2016 Real Estate Statistics show signs that the hot summer real estate market has come to an end. For the first time in months we are seeing the median sales price decline. The median sales price is now back down to about where it was in April of this year. Also on the decline is the number of sold homes and new listings. However, even though the number of new listings is lower than it was in June of this year, it shows over 600 more listings than at this same time last year. Could this be a sign that the crazy seller’s market could soon be coming to an end? We will have to continue to watch to see if this is only seasonal slowing, or a sign of things to come. 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. However we are seeing a decline in home sales compared to 5594 sold homes in July of 2015. There are now more homes but less sales, this points to a potential shift in the market. These July 2016 real estate statistics confirm the end of another busy summer real estate market here in Denver.