2009 Real Estate Guide
real estate
Home price trends in Denver

City-by-city price comps
Denver
Home prices are spiraling downward in the Mile-High City. Job growth also has slowed while sales volume showed an increase earlier this year. The city, which had one of the highest foreclosure rates in the nation in 2006, continued to be among the top 20 cities with the most filings last year, according to RealtyTrac. Single-family housing permits dropped by 50 percent from December 2007 to December 2008.
Median price end of 2008:$200,800
Median price end of 2007:$230,100
Percent change:-12.7
Projected change through Q3 2009:-8.8%
Affordability rating:0.0
Foreclosures in 2008:
(1 for every 31 households)
32,920
Foreclosures in 2007:
(1 for every 38 households)
26,632
Change in foreclosures:23.6%
Expected to hit bottom:Q2 2010
Percent drop needed to reach bottom:-18.9%
Current rate comparison
» Click here to view the Top 40 map.
Price trends
Q1 2008 national median price: $196,100
Q2 2008 national median price: $206,400
Q3 2008 national median price: $200,400
Q4 2008 national median price: $180,100
Q1 2008 local median price: $223,500
Q2 2008 local median price: $225,200
Q3 2008 local median price: $225,100
Q4 2008 local median price: $200,800

 Back to the 40-city chart overview.

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