The median home value in Denver is $465,466. Denver home values have gone up 1.7% over the past year and Zillow predicts they will fall -1.7% within the next year. The median list priceper square foot in Denver is $374, which is higher than the Denver-Aurora-Lakewood Metro average of $265.
In 2020, sales are forecast to increase by 2% to about 59,600 sales. Low interest rates are expected throughout 2020 and price growth should continue at a more modest pace as new supply is added to the market at a slower pace.
Significant gains in home values are predicted in 2020 due to low interest rates, a strong job market, and a steady economy. Even small changes in the appreciation rate can change the long-term value of buying considerably. Let’s learn more about the factors that make Denvera good place to invest in real estate.
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