Limited housing supplies continue to dominate Colorado’s housing market. A new study from Point2 shows that the median home sale price doubled nationally in the past decade primarily due to a housing shortage. In Colorado, it took less than a decade for median home prices to double in nine cities. Research from Clever shows Denver ranks as the 11th-least affordable metro for homebuyers based on income-to-home-price ratios. Meanwhile, a Zillow analysis shows that listing a home in late May can result in a $17,000 higher sale price compared to other times of the year. How fast did home prices double? Limited supply, surging demand, the pandemic, and inflation caused the median home price nationally to double from $200k to $400k in the past decade. Point2 analysts studied the country’s 100 largest U.S.
Comment on Colorado housing market booms: Prices double in past decade as supply dwindles
Sara B. Hansen, Denver Post: Business
Fri, 05/03/2024 - 11:09am
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