Denver Real Estate Market Fall 2019

The city of Denver and surrounding suburbs are all performing well this year. Median home prices in Denver have doubled since 2012, but prices seem to be flattening out this year.

And here’s a look at a few of the suburbs. Lakewood and Englewood are very close in median price, and Aurora is one of the more affordable areas in the region. In the north, Arvada prices has been trending higher, but similar appreciation rates.

It’s not a surprise that starter homes in the lower prices points remain more competitive and have seen stronger appreciation.

Appreciation on homes with median price above 750K was less than half a percent.  

Appreciation on homes below $400K was almost 4% this year. 

It’s definitely still a sellers’ market under $400K although a bit less competitive than years’ past. It’s becoming more balanced in the higher price points, but until the supply goes up and it takes move than 2 months to sell a house, it’s still favorable to sellers.  

Overall, it’s a healthy market! We’re OK!  

Questions about this post or anything else real estate related? Give me a call at 720.514.9540.

Published by Jessica Wilkie, Broker Associate

Hard worker data geek with experience and humor to share. Enjoy serving people throughout their real estate journeys and helping them make good and informed real estate moves.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: