Denver’s Continued Appreciation

Central Denver’s housing market continues to appreciate with low inventory and high demand.  The appreciation rate has dropped from the double-digit numbers that we saw last year, but is still strong:

12 Month Appreciation Rate – 5.5%

Average Days on Market – 34

Median Original Price $429,000

Median Sold Price – $425,000

Denver Median Price

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.

Denver Inventory

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.

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