When will the housing deals start in Denver?
Posted by Alex Neir on Monday, September 26, 2022 at 12:42 PM By Alex Neir / September 26, 2022 Comment
When will the housing deals start in Denver? I will try to answer this with some predictions for the next year.
First, we'll take a look at the real estate market in Denver from a historical perspective. Next, we'll look at the current state of the Denver real estate market which should lay a foundation for a reasonable guess of what may happen in the future.
The Denver real estate market has been experiencing extreme price appreciation for the last decade. The average home price in Denver has increased by 218% from 2012 to 2021. That averages to around 24% appreciation, per year, for that timeframe. So, why did that happen?...