Denver Housing Prices Drop for First Time Since 2012

Mar 21, 2023, 9:53 PM | Updated: Mar 23, 2024, 8:27 am

(Photo by Hyoung Chang/MediaNews Group/The Denver Post via Getty Images)...

(Photo by Hyoung Chang/MediaNews Group/The Denver Post via Getty Images)

(Photo by Hyoung Chang/MediaNews Group/The Denver Post via Getty Images)

The bad news?  Denver continues to have one of the most expensive housing markets in the country. The good news, for the first time since 2012, Denver housing prices are going down.  2012 is also the last time the whole country has had an annual price decline in homes (although its just 1%)

According to KDVR, Denver’s median sales price was $560,000 in February which is 2.6% lower than last year.

What were the big contributors to the high prices in the Mile High City? On top of historic low interest rates during the pandemic, the National Bureau of Economic Research attributes one-half of the 23.8% national price increase to the remote work environment which grew during the pandemic.

Definitely encouraging news but many Colorado resident continue to find themselves priced out of a new home.  And the looming economic uncertainty will surely leave many hesitant, but crossing their fingers for continuing decrease in prices.

One thing that is for sure, as seen by cranes in the photo below, there is no slowing down in Denver on construction on new homes in the Mile High and hopefully will continue to help Denver housing prices to stabilize!

Colorado News

(Photo by Gado/Getty Images)...

Shawn Patrick

WATCH – A Tesla Cybertruck showed up to a Colorado tractor pull event

I’m not sure how much you know about tractor pull events, but I think it’s safe to say the crowds that show up aren’t the electric vehicle (EV) type. So […]

4 minutes ago

(Photo by Amy Sussman/Getty Images)...

Shawn Patrick

A ‘Thelma and Louise’ reunion is coming to Denver

‘Thelma and Louise’ will always have a special spot in my heart as it was the first rated R movie I ever saw. Plus, ladies, it gave us Brad Pitt! […]

41 minutes ago

Photo by Julio Aguilar/Getty Images...

Shawn Patrick

Hulk Hogan is coming to visit fans in Colorado

Few, if any, professional wrestlers have reached the level of fame that Hulk Hogan has. So how cool would it be to snap a picture with the wrestling legend? Your […]

52 minutes ago


Shawn Patrick

WATCH – Video shows the moment a plane tried to land on I-25 in Colorado

Here’s the craziest thing you’ll see today! Two people were injured when a plane crashed in Larkspur Sunday morning (June 16). A spokesperson for the Federal Aviation Administration said the two […]

23 hours ago


Sarah Baines

Breckenridge discovers strange items during post-season cleanup

A pineapple, a gallon of barbecue sauce and an Invisalign retainer — what do these items have in common? Things that a skier or snowboarder might drop while on a […]

23 hours ago

Photo by Fairfax Media via Getty Images/Fairfax Media via Getty Images via Getty Images...

Shawn Patrick

Colorado lawyer jailed for arriving drunk to DUI sentencing

I am no genius, but I do know you don’t show up to court drunk… Especially if it’s for a drinking-related offense… And more so if you’re a lawyer! Colorado […]

23 hours ago

Denver Housing Prices Drop for First Time Since 2012