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June 2022 Denver Real Estate News Recap

Denver Real Estate News - July

+ Business Insider ranked Denver as one of five cities well-positioned for continued price growth. Between out-of-town buyers driving up prices, the city’s desirability for those seeking second homes, and its central proximity are some of the reasons driving up the cost of housing in Denver.

+ Annual home price appreciation in the Denver metro area topped 23% in April for the second month in a row, the highest gains since 1986. Thankfully there are signs of deceleration ahead.

+ Redfin reported that 46.9% of Denver home sellers lowered their asking prices in May. Denver had the third highest percentage of sellers lowering their asking price in the country (only Provo, UT, and Tacoma, WA were higher). Selling your home? Plan to lower your expectations from a few months ago.

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