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Home sales drop in Denver metro area for July

Home sales drop in Denver metro area for July
Home sales drop in Denver metro area for July 00:29

The Colorado housing market is slowing down faster than most other states. In the Denver metro area, July home sales were down more than 20% compared to June.

'For Sale' sign in front of house (focus on sign)
/ Getty Images

That's for both single-family homes and condominiums. The median price for a single-family home is $595,000 and for attached homes, the median price is $408,000.

The Denver Metro Association of Realtors says the market has already shifted and is becoming more balanced.

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