Despite this April’s drop of 13% in new Single Family Home listings, compared to those of April of 2018, which may be attributed to the pandemic and lockdown orders from State and City officials, Denver’s housing market appears to be weathering the storm. Personally, I tip my hat to Colorado Governor Jared Polis and Denver Mayor Michael Hancock for their leadership throughout this crisis.
The rise in Denver home values that started in 2011 and began to taper off in mid 2018, continues to hold stable through uncertain times.
As we near the end of May and many of us are cautiously observing the holiday weekend, stability is a welcome sight. I’m happy to live in this city one mile above the sea, where I am one person within a diverse community that respects each other's health and safety, as we all work together, I have no doubt that we will come out this pandemic stronger than before!
The statistical information provided is based upon the median closed sales prices of single family homes throughout the entire city. Each neighborhood and sub market experiences different ups and downs and highs and lows. If you would like more information about your neighborhood or property please visit us at www.mountainhighappraisals.com and one of our market experts will be happy to help.
Mountain High Appraisals, LLC