Over the year, sales are down 18.5% as higher mortgage rates reduce affordability for would-be buyers
Metro Denver’s housing market ran cool in July, with closings off 16.3% from June and price gains showing signs of flatlining, according to aThe number of homes and condos sold fell from 4,395 in June to 3,677 in July. .
Prices, after rebounding in the first half of the year, are starting to soften again. The median sales price of a single-family home fell from $655,000 in June to $650,000 in July, the same level as a year earlier.
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