The fourth quarter is historically the least active on both the buying and selling side in northern Colorado. This has held true for 2018. Median price for a single family home is down slightly in November to $402,000 from it’s peak in August of $435,000. Inventory remains very low, hovering at about 2.2 months of supply. Most homes are still selling at asking price, or just below. However, we are starting to see Sellers make one or more price reductions to move their home. So, we will be keeping an eye on where sales go in the first quarter of 2019 to see if we detect any movement towards a more balanced market.