COLORADO NEWS

Denver Housing Prices Drop for First Time Since 2012

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

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 Matt Winkelmeyer/Getty Images for Stagecoach...

Shawn Patrick

KYGO’s Birthday Bash with Koe Wetzel – Know before you go

98.5 KYGO’s 45th Birthday Bash is this Sunday (July 6) at Fiddler’s Green. Tickets are still available, so whether you already have yours or you plan on getting them soon, […]

5 hours ago

Rodz & Bodz Movie Car Museum...

Shawn Patrick

Popular Denver car museum to auction off many famous movie cars

It’s been a tough go for a really neat Colorado car museum the last few years. Rodz & Bodz Movie Cars & More Museum has gone through several locations in […]

6 hours ago

Photo by Chung Sung-Jun/Getty Images...

Shawn Patrick

A Denver-area Hooters location is closing – Only three will be left in Colorado

The end of an era seems to be quickly approaching as another Hooters restaurant is about to close in Colorado. If you haven’t been to a Hooters in years, you’re […]

6 hours ago

Photo by Greg L. Davis/U.S. Air Force/Getty Images...

Shawn Patrick

Here’s where to see F-16 fighter jet flyovers in Colorado on the 4th of July

What better way to celebrate ‘Merica than with fighter jets buzzing over! The Colorado Air National Guard will perform fighter jet flyovers over a large part of Colorado Friday (July 4) to […]

6 hours ago

...

Big Mic

Interview – Ella Langley talks ACM success with Tracy and Fizz

Ella Langley talks with Tracy and Fizz about her successful night at the ACM awards and also some of the hilarious pick up lines that Riley Green’s dad throws her […]

14 hours ago

(Photo by Smith Collection/Gado/Getty Images)...

Shawn Patrick

What are the Daiso stores popping up all over Colorado?

Everywhere I turn right now, I keep seeing these Daiso stores, whether it be on the news or social media. So, what are the stores that are popping up around […]

1 day ago

Denver Housing Prices Drop for First Time Since 2012