By Catie Cheshire | Westword
Denver had the seventh-highest drop in home prices in 2024, according to Realtor.com. But that doesn’t necessarily mean buying a home in Denver is affordable.
Though the median list price of a home in Denver was down 5.35 percent in December 2024 compared to December 2023, the median list price is still $577,350. Still, real estate experts are taking the news of the drop as another sign that markets are leveling out from pandemic-induced, skyrocketing prices.
“Austin, Denver, Phoenix and Nashville were the darling markets of 2021 and 2022 and places where prices went wild,” says Joel Berner, Realtor.com senior economist. “Now, with more homes on the market, prices are returning to where they belong.”