The Principal Team

Home prices in Metro Denver have fallen for about six months. With higher interest rates, inflation and fears about the economy, why haven’t they fallen even further?

October numbers just arrived. There were more than twice as many homes for sale last month compared to October 2021. The average sold price is up 8.22% compared to a year ago, but down 10.8% from a peak of $742,491 in April. Homes continue to take longer to sell, with the average home taking 28 days to sell in October.

With rates rising and prices up year-over-year, we’re wondering, what does it cost to purchase a home in Metro Denver compared to a year ago?

With rates rising and prices up year-over-year, we’re wondering, what does it cost to purchase a home in Metro Denver compared to a year ago?

You may have heard reports that say we’ve entered a “housing recession.” If you’re like me, you’ve been asking, “What is a housing recession?” Maybe you’ve also wondered, “Are we in one in Metro Denver?”

You may have heard reports that say we’ve entered a “housing recession.” If you’re like me, you’ve been asking, “What is a housing recession?” Maybe you’ve also wondered, “Are we in one in Metro Denver?”

About 48% of homes for sale in Metro Denver have been on the market longer than 30 days. We also see more homes reduced in price.