Denver’s Continued Appreciation
12 Month Appreciation Rate – 5.5%
Average Days on Market – 34
Median Original Price $429,000
Median Sold Price – $425,000
Inventory across the board supports a seller’s market until you cross over the $2 million mark, which represents the top 0.1% of the market.
There appears to be no reason for a slowdown in the near future. Even an increase in interest rates may actually increase home prices as buyers rush to lock in low rates before they are gone. This may sound implausible, but historically has held true.