Ready to Make Your Move?In most areas, prices peaked in April 2022. In a few cities, including Golden, Morrison, and Wheat Ridge, prices peaked more recently.
Last month, median closed prices were down significantly from their peak. It’s normal for prices to fall a bit in September, but numbers indicate home prices have declined significantly since the frenzied buying activity we saw with extremely low interest rates from 2020 to 2022.
In Thornton, the median price now and at the peak during 2022 isn’t that much different. Prices seem more volatile in cities where they’re highest, including Boulder, Golden and Morrison.
| City | When did prices peak? | Median Peak Closed Price | Last Month’s Median Closed Price | Difference between peak price and last month’s median closed price |
| Arvada | March 2022 | $666,495 | $600,521 | -9.9% |
| Aurora | June 2022 | $515,000 | $479,950 | -6.8% |
| Boulder | April 2022 | $1,250,000 | $933,000 | -25.7% |
| Broomfield | June 2022 | $674,000 | $607,450 | -9.9% |
| Centennial | April 2022 | $677,000 | $581,500 | -14.1% |
| Denver | April 2022 | $630,000 | $550,000 | -12.7% |
| Golden | May 2024 | $1,025,000 | $822,000 | -19.8% |
| Highlands Ranch | April 2022 | $773,000 | $662,000 | -14.36% |
| Lakewood | April 2022 | $604,600 | $551,950 | -8.7% |
| Littleton | April 2022 | $674,043 | $617,500 | -8.4% |
| Loveland | April 2022 | $730,000 | $697,000 | -4.5% |
| Thornton | April 2022 | $560,000 | $557,500 | -0.4% |
| Morrison | June 2024 | $968,000 | $626,910 | -35.2% |
| Parker | June 2024 | $561,250 | $500,000 | -11% |
| Westminster | March 2022 | $585,000 | $546,950 | -6.5% |
| Wheat Ridge | November 2023 | $796,588 | $624,000 | -21.7% |
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Click HereMetro Denver Real Estate Market Activity
During the last week:
New Listings – 1602
Back On Market – 369
Price Increase – 172
Price Decrease – 2300
Pending – 1342
Withdrawn – 254
Closed – 1459
Expired – 700
Two weeks ago:
New Listings – 1551
Back On Market – 304
Price Increase – 140
Price Decrease – 2383
Pending – 1413
Withdrawn – 221
Closed – 1059
Expired – 381
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Based on data from REColorado®
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