Metro Denver home prices slightly down, condo prices up in August

By Aldo Svaldi, The Denver Post

Metro Denver’s housing market continued to show signs of leveling off in August, with both median and average prices dropping for single-family homes, according to a report Wednesday from the Denver Metro Association of Realtors.

The time listings spent on the market also lengthened, from 25 days in July to 28 days in August, although outside forces are partly to blame.

Interest rates dropped after Britain’s June 23 vote to leave the European Union, unleashing a big wave of mortgages refinancing and leaving appraisers stretched thin.

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