The Apparent Slow Down, By The Numbers
The Denver real estate market expects to see continued winter slow down in December, especially with the holidays playing into non-real estate distractions. The number of sold homes are down and days on market are up - does this mean that Denver will see a real estate slow down? This month’s numbers certainly indicate the holiday season, with a slowing in sold homes (-13%), as compared to December of last year, that exceeds the decrease in active listings (-10%).
...But The Numbers are Skewed
However, consider single family homes as vs. attached homes. Since October, we’ve noticed new-build luxury condo numbers skewing the rest of the market data. This was just as true in December.