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by CareyBot

The real estate slowdown deepened in Colorado during November as single-family home sales and prices lost more ground, according to statistics released by the Colorado Association of Realtors. There were 5,755 single-family homes sales recorded last month, down 11 percent from approximately 6,466 sales in October. The statewide median home price dropped 8 percent between October and November, falling from $237,097 to $218,750. The Denver metro area saw significant cooling in November, as sales dropped 13 percent from October, to 2,848, and the area's median home price fell 2 percent to $242,599. In the Pike's Peak region, home sales were 10 percent below their October level -- 810 compared with 903 -- while the median home price held steady at $216,107. Despite the overall slowing, the G...