COLORADO NEWS

Denver among cities where home prices have decreased the most

Oct 14, 2024, 4:10 PM | Updated: Oct 16, 2024, 6:05 am

Good news here for anyone shopping for a new home in Denver, but bad news if you’re trying to sell…

According to a new report from Realtor.com, in more than half of the 50 largest markets in the U.S., median list prices have decreased year over year.

Denver made the list at number seven, seeing the median list price on a home drop six percent in the last year.

The Top 10 Metros Where Home Prices Have Decreased the Most

  1. Miami, Florida – Median list price $525-thousand, 12.4% drop year-over-year
  2. Cincinnati, Ohio – Median list price $337-thousand, 9.5% drop year-over-year
  3. San Francisco, California – Median list price $997,500, 8.9% drop year-over-year
  4. Kansas City, Missouri – Median list price $389,500, 8.4% drop year-over-year
  5. Austin, Texas – Median list price $520-thousand, 6.6% drop year-over-year
  6. Jacksonville, Florida – Median list price $399-thousand, 6.1% drop year-over-year
  7. Denver, Colorado – Median list price $610,250, 6% drop year-over-year
  8. Orlando, Florida – Median list price $429,950, 5.6% drop year-over-year
  9. Tampa, Florida – Median list price $414,948, 5.5% drop year-over-year
  10. Nashville, Tennessee – Median list price $547,865, 5.4% drop year-over-year

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Denver among cities where home prices have decreased the most