Denver Housing Market Forecast 2024. In june 2024, denver home prices were up 1.3% compared to last year, selling for a median price of $618k. During june 2024, 858 homes were sold in denver;
The recent trends of decreasing housing prices indicate that the denver real estate market is transitioning from a seller’s market to a neutral landscape. The typical home value in the u.s.
Learn More About The Denver Housing Market And Real Estate Trends.
70% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
A “Hot” Housing Market For Years, Denver Now Ranks 95Th Out Of The 100 Largest Metros In Realtor.com’s 2024 Forecast.
In 2024, denver’s housing market will face more of the challenges that the area faced last year:
As Noted In Our 2024 National Housing Forecast, At A National Level, We Expect That Housing Affordability Begins To Turn Around As Mortgage Rates Ease And Home Prices Dip.
In denver, home prices are expected to decline modestly — about 5.1% according to realtor.com's 2024 national housing forecast.
A Housing Market That For Years Has Been Defined By Fast Sales And Few Options Is Starting To Look More Like It Did Before The Pandemic In Terms Of Competition Among Buyers And Their Negotiating Power, If Not Costs.
In 2023, many potential buyers played the waiting game, watching for interest rates to drop rather than negotiating offers.