Conensus: Denver Metro Market Continues to Soar

Denver Home Prices Up 41.4 Percent from Previous Peak

 

According to Case Shiller, in May 2017, Denver average home prices reached $456,100, approximately 41.4% higher than the previous Denver peak price of $322,600 in August 2006. Although Metro Denver was more stable than the 20-city composite shown above during the “Great Recession”, Metro Denver has recently experienced growth rates similar to the 20-city composite since early 2012. Below are Metro Denver’s average single-family home prices by year in May. They represents a 17-year average annual increase of 5.8 percent, a 10-year of 4.6 percent, a 3-year of 10.0 percent, and a 1-year average annual increase of 7.9 percent.

 

  • 2000: $230,000
  • 2007: $313,500
  • 2014: $350,900
  • 2016: $422,800
  • 2017: $456,100

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